Longxing IPO Investors Make a Killing, E Fund's Unrealized Gain Exceeds 6.8 Billion Yuan

BlockBeats News, July 27th. Today, Changxin Technology landed on the Sci-Tech Innovation Board. On its first day of trading, the stock price surged by 465.82% to $49 per share, reaching a peak intraday gain of 535.45%. Based on the IPO price of $8.66 per share, a board lot (500 shares) is floating at approximately $20,200.

According to the offline allotment data, a total of 100 public fund managers' 5,507 products and 112 private fund managers' 2,458 products were allocated Changxin Technology, receiving around 1.251 billion shares and 161 million shares, respectively.

Among them, public institutions received a total allocation of approximately $10.829 billion, with 69 institutions receiving allocations exceeding $10 million, and 18 entering the "Billion Yuan Club." E Fund Management Co., Ltd. received the largest allocation, with a first-day unrealized gain of over $6.8 billion; followed by Southern Fund Management Co., Ltd. and ICBC Credit Suisse Fund Management Co., Ltd.

On the private fund side, the total allocation was about $1.397 billion, with 25 private funds receiving allocations exceeding $10 million. Nine-Kun Investment, Ningbo Quantum Investment, Yanfu Investment, and Century Forward Investment all received allocations exceeding $1 billion. Among them, Nine-Kun Investment had an unrealized gain of over $600 million on the first day of listing.

Several institutions continue to be optimistic about the AI industry chain. Guotai Fund Management Co., Ltd. believes that Changxin Technology's listing is expected to accelerate capital expenditure, driving growth in demand for semiconductor equipment and materials. AI computing power expansion and domestic substitution remain long-term industry drivers. Xuan Yuan Investment and Rongyang Investment and other institutions also stated that they continue to be optimistic about the AI industry chain in the medium to long term and tech companies with core competitiveness.