Changxin Technology's STAR Market IPO Approved by CSRC: Aims to Raise 29.5 Billion Yuan, Making It the Second Largest IPO in History

BlockBeats News, June 12, the China Securities Regulatory Commission (CSRC) approved the registration application of Changxin Technology Group Co., Ltd. for its initial public offering (IPO) on the Science and Technology Innovation Board (STAR Market), and officially disclosed the CSRC approval document with the number [2026]1344. Changxin Technology, as a leading domestic integrated circuit company in large-scale production of general-purpose DRAM, successfully completed the registration process smoothly after the listing committee meeting of the Shanghai Stock Exchange on May 27.

Changxin Technology's IPO is intended to raise 29.5 billion yuan, making it the second largest fundraising project in the history of the STAR Market, second only to SMIC. The raised funds will be mainly used for the upgrading of the memory wafer manufacturing production line, DRAM memory technology upgrades, and future-oriented technological research and development.

According to the prospectus, Changxin Technology achieved an operating income of 50.8 billion yuan in the first quarter of 2026, a year-on-year surge of 719.13%, with a net profit attributable to shareholders of 24.762 billion yuan. It is expected that the operating income for the first half of 2026 will be between 110 billion and 120 billion yuan, and the net profit attributable to shareholders is expected to be between 50 billion and 57 billion yuan. During the previous listing committee meeting, inquiries were made about future performance fluctuations, the second phase of Zhu Yiming's voluntary transfer of over 20 billion yuan of shares for an employee stock incentive plan, and other related issues.

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