Zhongxiaodan Venture Capital-backed Changxin Tech jumps 465% in Shanghai STAR Market debut
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Changxin Technology debuts on Shanghai’s STAR Market
Shenzhen Zhongxiaodan Venture Capital-backed Changxin Technology listed on Shanghai’s STAR Market on July 27 as 688825.
Shares closed up more than 465% on debut, valuing the DRAM maker at CNY 3.2 trillion.
Zhongxiaodan Venture Capital’s investment in Changxin Technology
The firm invested nearly CNY 100 million in Changxin Technology in 2021, backing DRAM R&D efforts and capacity expansion.
