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Changxin Technology’s A-Share IPO Achieves Record-Breaking 57.9 Billion Yuan in Funds, with Alibaba as the Top External Shareholder Beneficiary
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Author：小编
On July 16, Changxin Technology, a premier domestic manufacturer of memory chips, commenced its new share subscription process with a target to raise 57.9 billion yuan. This move not only represents the year’s largest initial public offering (IPO) but also ranks as the third-largest in the history of A-shares. It sets a new benchmark for fundraising on the STAR Market, eclipsing the previous high of 53.2 billion yuan set by SMIC.
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