Changxin Technology (688825.SH) has officially declared that its shares are slated to commence trading on the STAR Market of the Shanghai Stock Exchange on July 27, 2026. The shares will be issued at a price of RMB 8.66 each. The initial public offering will encompass 6.688 billion shares, culminating in a total share capital of 66.881 billion shares post-issuance (prior to the potential exercise of the over-allotment option). The anticipated proceeds from this offering are estimated to reach RMB 57.919 billion, marking it as the largest-ever initial public offering (IPO) on the STAR Market to date. Changxin Technology stands as China's preeminent and most technologically sophisticated integrated enterprise specializing in DRAM research, development, design, and manufacturing. It boasts a global market share of 7.67%, securing its position as the fourth-largest player worldwide and the undisputed leader in China.