On December 17, MetaX Integrated Circuits (Shanghai) Co., Ltd. made its debut on the Science and Technology Innovation Board. The stock price experienced an extraordinary surge, jumping by 568.83% at the opening bell, reaching an impressive 700 yuan per share. Consequently, the company's market capitalization soared past the 280 billion yuan mark. As the 'second domestically-produced GPU stock' to go public, its listing triggered a meteoric rise in the wealth of its three co-founders.
Among them, the principal controller, Chen Weiliang, owns a 20.63% stake in the company. Meanwhile, private equity tycoon Ge Weidong holds a 6.73% stake. Based on the opening stock price, the market value of their respective holdings has surged to over 18.8 billion yuan.
