ChangXin Technology officially listed on the STAR Market today. According to Polymarket data, the probability of its market capitalization exceeding RMB 1 trillion on its first trading day is 100%, with probabilities of reaching RMB 1.5 trillion, RMB 2 trillion, and RMB 2.5 trillion at 96%, 84%, and 62% respectively. The chances of hitting RMB 3 trillion and RMB 3.5 trillion are 42% and 27%. At an issue price of RMB 8.66 per share, ChangXin Technology’s IPO corresponds to a market capitalization of RMB 579.18 billion.
ChangXin Technology Lists on the STAR Market, Revealing IPO Valuation and Market Predictions
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Summary
ChangXin Technology listed on the STAR Market today with an IPO valuation of RMB 579.18 billion at RMB 8.66 per share. On-chain data shows strong pre-market sentiment, with Polymarket predicting a 100% probability of a RMB 1 trillion market cap on its first day. The sector’s Fear & Greed Index is currently at extreme optimism, with probabilities of reaching RMB 1.5 trillion, RMB 2 trillion, and RMB 2.5 trillion at 96%, 84%, and 62%, respectively.
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