Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

Anji Technology Stock Up 340% in First-Day Trading
Anji Technology Stock Up 340% in First-Day Trading
Man holding red textile in front of black bull. Image credit: Giovanni Calia/Unsplash
Associated Company
EqualOcean EqualOcean

1.5 billion transactions took place on the new China's trading venue, known as STAR Market, today, with China Railway Signal & Communication (CRSC) carrying out a half of them.

"STAR25" stocks more than doubled by the end of the afternoon trading session; chipmaker Anji technology led the race.

Semiconductor materials producer Anji Technology (688019:SH) made a successful debut on the Shanghai Stock Exchange STAR Market, closing at CNY 196.01 (USD 28.50) per share.

The company's stock started trading at CNY 39.19 (USD 5.70) per share, reached its peak, CNY 243.20 (USD 35.36) around 10:45 (GMT+8), then edged down. As frenzy eased off in the afternoon, facing less volatility, Anji more than quadrupled by the end of the first day of trading. 


Meanwhile, resulting from four hours of insanity, combined market capitalization of the 25 STAR board debutants leaped from CNY 236 billion (USD 34.31 billion) to CNY 553.50 billion (USD 80.46 billion). At the same time, the total value of equity listed on the new venue more than doubled: CNY 68.09 billion (USD 9.90 billion) is how much all the sci-tech board-listed stocks cost at the moment.

Over 1.5 billion transactions took place on the new marketplace today, 58% of which were related to the biggest company in the batch -- CRSC (688009:SH). The STAR market average P/E ratio thereby zoomed to 99.14 (last year ratio) or 102.66 (trailing twelve months). This indicator took a fixed IPO value of 53.4 before the fierce trading got off today.

Enterprise Information

EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Enterprise Information

EqualOcean
EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Reach the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Any Question

EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.

We aim to assist Chinese entrepreneurial enterprises to break into the global market and provide overseas investors, VCs, and enterprises with a deeper understanding of China's business environment and to seize opportunities in China.

Join over 800,000 of your peers