The majority of the market's focus today should be on Changxin's IPO, and the reasons for its attention are: 1) The largest technology IPO in A-shares; 2) The leading and chain leading enterprises in the domestic semiconductor industry have solid fundamentals. The expected revenue for the first half of this year is 110-120 billion yuan, with a net profit attributable to shareholders of 50-57 billion yuan, showing a significant year-on-year increase; DRAM ranks fourth in the global market share 3) Original shareholders' main lock up period: Basically, early shareholders such as the largest shareholder Qinghui Jidian and other state-owned assets, employee shareholding platforms, and industrial capital are all locked in for 36 months. Strategic placement (ultimately about 1.667 billion shares) locked in for 12-36 months Offline allocation: 70% of the allocated shares will be locked in for 6 months, and 30% will be available for circulation on the first day. Online distribution: no lock up period, available for circulation on the first day. Calculate the estimated 6.7% of outstanding shares in the first six months. 4) The short-term stock price trend after IPO is related to market expectations, emotions, and funds. Basically, it should be a significant increase in opening, it depends on how large the increase is? Can we see over 2 trillion today? 5) Another highlight this time is whether Hyperliquid can advance Changxin's pricing and drive Big A itself? Is the listing of CBRS Hyper in June considered to have set a good price ahead of Nasdaq? Https://(x.com)/qinbufark/status/2055235902109274582? s=46&t=k6rimWsEbo2D2tXolYcM-A。 This article is sponsored by @ bitget_zh, titled 'Bitget Buying US Stocks: Instant Entry, Smooth Trading'