Long Shine Technology Lists on STAR Market, Sets Opening Market Cap of 3.31 Trillion Yuan

SMIC-1.75%
According to Jin10, Long Shine Technology, a leading domestic memory chipmaker, listed on the Shanghai STAR Market on July 27, setting multiple A-share records in its opening hours. The stock opened with a market capitalization of approximately 3.31 trillion yuan, becoming the first A-share technology stock to exceed 3 trillion yuan market cap at opening. Long Shine surpassed SMIC to become the highest-valued listed company on the STAR Market. In its first trading hour, the stock achieved over 1 billion yuan in trading volume, making it the first A-share stock to breach the 1 billion yuan daily trading threshold, with a turnover rate exceeding 50 percent.
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