This morning, the Twitter timeline was completely occupied by Changxin Storage, with 6X+revenue, showing an envious look. I came across the announcement of @ Gate_zh and discovered that the CXMT-USDT contract for Changxin Storage was missing this morning. Now it has been directly migrated from pre disk to official perpetual, supporting 1-50 times long and short positions. Those who cannot play Big A can experience the joy of contracts at Gate I have been following the progress of Changxin's IPO before, mainly because a group of people around me have been signed. Today happens to be the day when it officially goes public on the A-share Science and Technology Innovation Board, with the code 688825. Changxin's IPO has a large volume, with an issue price of 8.66 yuan and a fundraising scale of nearly 58 billion yuan. If it were to fully exercise the over allotment, it could reach 66.6 billion yuan, making it the largest IPO in the history of the Science and Technology Innovation Board. On the first day of trading, it broke multiple historical records in the A-share market, becoming the first technology stock with a market value exceeding 3 trillion yuan; Ascending to the top of the Sci Tech Innovation Board in terms of market value and becoming the listed company with the highest market value on the board; The first A-share stock to achieve a daily turnover of over 100 billion yuan, with a turnover of over 100 billion yuan in its first hour of listing; The first A-share new stock with a turnover of over 100 billion yuan and a turnover rate of over 50%. There are not many companies in China that can truly compete in the field of storage chips, and Changxin is one of them. I didn't pay much attention to the storage chip before, but I heard that it is the leader in domestic DRAM. Recently, the memory demand on the AI side has been skyrocketing, and the world is calling for a shortage. Changxin took advantage of this window to run out, and the timing was quite coincidental. As soon as the gate opened, the contract was directly signed on the Gate side, and overseas people could also participate in encrypted ways, which is quite an interesting intersection. I have just thought a few words about this scale of hard tech IPO, which is definitely a signal for the entire semiconductor sector. It is not easy for domestic storage to catch up and have its own place. However, on the first day of listing, there will definitely be significant fluctuations, and contract prices and spot prices will gradually level off. The risks are also there. In cyclical industries, when the market rises, everyone tells a good story, but when it falls, it's a different scene. If you are interested, go to the announcement and take a look: Announcement: http://(gate. com)/zh/announcements/article/100836 Continue to observe and see how the market prices it?