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9:01 Krypton丨Changxin Technology, "the first domestic storage stock", announced the lineup of underwriters; SK Hynix landed on the US stock market, rising nearly 13% on its first day of listing; OpenAI launched ChatGPT smart phone

3 min read
Source: 36氪
Today’s hot spots guide: 80,000 to 100,000 units of “the world’s first smart phone” have been stocked? People familiar with the matter: Fake. The number of tens of billions of private equity companies has reached 142, setting a new historical record again. Samsung’s Lee Jae-yong plans to go to the United States to meet with Nvidia’s Jensen Huang at the end of July. German Volkswagen plans to lay off a large number of employees, up to 120,000 positions may be eliminated. OpenAI’s senior management has changed again, and the chief operating officer has resigned due to illness. TOP3 big news Changxin Technology, underwriting team lineup announced Changxin Technology's IPO has entered the countdown to issuance, and the underwriting team behind this "first domestic storage stock" has also surfaced. The latest disclosed prospectus shows that Changxin Technology is expected to issue shares on July 16. In this IPO, CICC and CITIC Construction Investment served as the joint sponsors and lead underwriters, and Cathay Haitong, Guoyuan Securities, Huatai United, and China Merchants Securities served as the joint lead underwriters. A total of 6 securities firms formed an underwriting syndicate. This is a rare "luxury underwriting group". On one side, leading investment banks such as CICC, CITIC Construction Investment, Cathay Haitong, Huatai United, and China Merchants Securities have appeared intensively. On the other side, local Anhui securities firm Guoyuan Securities has entered the main underwriting list. What’s more interesting is that many of the lead underwriters are also shareholders of Changxin Technology. In addition to investment banking income, equity investment income is the greater imagination of this IPO. (Financial Associated Press) SK Hynix landed on the U.S. stock market, rising nearly 13% on its first day of listing. South Korean chip giant SK Hynix landed on the Nasdaq exchange, which is home to technology stocks, on July 10 (Eastern Time). This move will open up a powerful new financing channel for global investors, making it easier for global investors to lay out the fast-growing artificial intelligence infrastructure track. The world's second-largest memory chip maker plans to raise about 40 trillion won (equivalent to US$26.5 billion) by issuing American Depositary Receipts (ADRs) on Nasdaq. A total of 177.9 million American depositary receipts were issued this time, with the issuance price set at US$149 per share. One ADR corresponds to one-tenth of its common shares listed on the Seoul Exchange in South Korea. The opening price on the first day of listing was US$170, an increase of approximately 14.1% from the issue price of US$149. It once touched US$177 during the session, and the increase expanded to approximately 18.8%, and closed at US$168.01.