2025-12-31 02:28:32

Changxin Technology's IPO has been accepted, with a fundraising scale of 29.5 billion. Once again, a new giant has emerged on the Sci-Tech Innovation Board. However, looking at the recent performance of tech stocks and semiconductors, it's quite disheartening—the main reason being these new IPOs draining liquidity.

The most obvious lessons are Mooresun and Muxi Co. Mooresun initially issued at 114.28, once soaring to a high of 941.08. Now it quotes at 609.21, down 35.26% from the peak. Muxi Co. is similar, with an issue price of 104.66, a peak of 895.00, and now trading at 608.92, a decline of 31.96%. The stories of these two stocks are exactly the same: a concentrated surge on the first day, followed by continuous decline.

In plain terms, this is the pattern of the primary market. New stocks are wildly speculated by institutions and retail investors on their debut day, exhausting the potential gains for the next year, ten years, or even a lifetime. Once liquidity is fully released, retail investors in the secondary market mostly encounter the highest points, followed by a long bear market. Participants are often the ones losing money.

Now everyone is watching the impact of Changxin Storage on the entire semiconductor concept stocks and sector. In the short term, the market's trading logic still revolves around news-driven speculation.

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GasFeeAssassin

· 4h ago

29.5 billion blood draw, the old approach, still haven't learned from the lessons of Moore Thread.

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down_only_larry

· 4h ago

29.5 billion, here we go again, time to harvest the chives.

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SelfMadeRuggee

· 4h ago

29.5 billion directly drained, semiconductor stocks are getting cut again It's the same old story, the classic routine of institutions harvesting retail investors The Mooresville wave was truly incredible, from 941 to now 609, this is a textbook story of a bagholder Will Changxin this time be just a flash in the pan, or can it really hold up? Let's wait and see Retail investors are always the last to benefit, a lesson learned through blood and tears Be cautious of explosive gains on the first day of new stock listings; if a tenfold increase has already been exhausted, what else is there to rise? The tricks in this primary market are all about information asymmetry and human greed Could it be another wave of manipulation? The semiconductor sector is too deep and complicated

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governance_lurker

· 4h ago

It's the same old trick, new listings are always for the retail investors. The Moer Thread wave was really incredible; it should have been sold when it surged past 941. 295 billion in bloodletting, the semiconductor sector is about to crash again. The first-day explosive rally that overextends ten years of gains—this logic really makes sense. Retail investors buying at the peak is standard procedure. Waiting for Changxin to go public, and it's another round of cutting the leeks. Institutions finish their cut and then exit; when will retail investors be able to turn the tables?

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