Changxin Technology Surges 470% in Blockbuster STAR Market Debut

Shares of Chinese chipmaker Changxin Technology Group soared roughly 470% on their first day of trading in Shanghai.
The company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share . The stock opened at approximately 49 yuan , reflecting intense investor demand for China’s domestic semiconductor sector.