Changxin's A-share listing, the largest beneficiary group is naturally Changxin Technology's founder, Zhu Yiming, and Changxin employees.
According to Bloomberg's Billionaires Index data, since Changxin's listing, its founder Zhu Yiming's family wealth has surged by nearly 300%, reaching $13.9 billion. The value of Zhu Yiming's Changxin shares alone is approximately RMB 8 billion. Taking into account the calculation of the shares of Zhaoxin Semiconductor, his peak net worth has reached as high as RMB 86.9 billion.
7 company executives have reached a "billionaire" net worth, and at the employee shareholding level, over 6,700 individuals have benefited, with at least 237 new multi-millionaires born.
Additionally, according to data, 93 public mutual funds collectively received 1.234 billion shares, with a nearly $50 billion static floating profit. Among them, E Fund, Southern Fund, and ICBC Credit Suisse have floating profits of approximately $6.803 billion, $5.598 billion, and $4.712 billion, respectively.
Finally, founder Zhu Yiming plans to gratuitously transfer 768 million shares for future employee incentives within 10 natural years after Changxin Technology's listing, corresponding to a market value exceeding $37.6 billion. This is expected to set a record for the largest individual equity incentive in the A-share market, with the related shares subject to a three-year lock-up period.
It can be said that this wave of wealth creation from Changxin's IPO is not only a reward for the executive team but also a wealth-sharing trend for all employees.
Deepseek Founder Liang Wenfeng: Profits $827 million from Participating in Changxin Technology's IPO
Yesterday, Weibo's trending topics data showed that "Liang Wenfeng profits $827 million from participating in Changxin Technology's IPO" briefly reached the 25th place on Weibo's trending topics list.
It is understood that two major funds controlled by Liang Wenfeng—Ningbo Quantitative (153 products) and Zhejiang Jiuzhang Asset (41 products)—participated in the offline placement of Changxin's IPO with a total of 1,924.97 million shares allocated, subscribing for a total amount of approximately $175 million.
Based on the closing price of the first day, the investment yielded approximately $827 million in profit. 70% of the allocated shares are subject to a 6-month lock-up period, and 30% have no lock-up period.
Nano Labs Founder Kong Jianping: Indirectly Holds Approximately 18.98 Million Shares of Changxin Technology, with a Market Value of Approximately $940 Million
According to public information and relevant disclosure documents, Kong Jianping, the founder of the US-listed company Nano Labs, subscribed for RMB 21.34 million through Yifang Chuangda Fund, indirectly holding approximately 18.98 million shares of Changxin Technology. Calculated at the opening price of RMB 49.5 on that day, the corresponding shareholding market value is approximately RMB 940 million, with a calculated return of about 44 times, according to the relevant statement.
Kong Jianping himself stated that when he invested in Changxin in 2020, the company's valuation was less than RMB 20 billion, but now it has exceeded RMB 3 trillion.
Former Midea Group executive Huang Xiaoming: Subscribed capital contribution of RMB 106.7 million,
On the eve of Changxin's IPO, there was a wave of online discussions about the "real or fake Huang Xiaoming" due to the news that "Huang Xiaoming subscribed for over 12 million shares of Changxin."
Initially, some speculated that this Huang Xiaoming was suspected to be mainland Chinese actor Huang Xiaoming. Subsequently, a blogger found the actor Huang Xiaoming to verify, and finally confirmed that it was not him.
Subsequently, according to publicly available information, this "Huang Xiaoming" should be a former senior executive of Midea Group, with a personal contribution of RMB 106.7 million, subscribing for over 12.32 million Changxin shares at a price of RMB 8.66. Calculated at yesterday's opening price of RMB 49.5, his unrealized gains amount to RMB 503 million.
Nio Founder Li Bin: IPO Subscription of RMB 158 million, Unrealized Gains of about RMB 700 million
The wealth creation wave of Changxin's IPO not only includes contributors but also customers from different industries. Nio, a new energy vehicle brand and also a leading local enterprise in Hefei, is among them.
In the strategic placement list of Changxin Technology's IPO, Nio Group pledged to subscribe for RMB 158 million, with a lock-up period of 18 months. Calculated at an issue price of RMB 8.66 per share, the total subscribed shares are approximately 18.24 million shares. Calculated at yesterday's closing price of RMB 49 per share, Nio's book profit is about RMB 740 million, with a return rate of over 465%.
On that day, a blogger posted a photo showing that at the Changxin Technology Shanghai listing appreciation dinner, Nio founder Li Bin appeared on the scene, holding red wine, smiling, and interacting with many Changxin shareholders.
Lei Jun: Subsidiary holds over 18.24 million shares, Unrealized Gains exceed RMB 700 million
Similar to Nio, Xiaomi Group is also one of Changxin Technology's customers. In this IPO placement, a wholly-owned subsidiary of Xiaomi Group, Wuhan 8180 Enterprise Management Co., Ltd., also participated and was eventually allocated 18.24 million shares.
Calculated at an IPO price of ¥8.66 per share, the company had a first-day market value increment of ¥736 million. After considering equity penetration (where Lei Jun holds 97.48% of Xiaomi's shares), it is estimated that Lei Jun indirectly gained a paper profit of approximately ¥717 million.
Naturally, Xiaomi Group promptly responded to the news.
Xiaomi's Chairman's Special Assistant, Xu Jieyun, responded in a post this morning, stating: "Just take it easy, don't take it seriously." According to her explanation, this investment is a corporate-level investment, and the investments of subsidiary entities and personal wealth should not be confused.
In an epic IPO that created over 200 new multi-millionaires, many billionaires saw another surge in their personal wealth, truly a case of the rich getting richer. As for the average person, perhaps getting a windfall of ¥20,000 in the lottery is already a stroke of great luck.
Nevertheless, ChangXin Memory Technologies is undoubtedly the king of A-shares, the "number one domestic storage stock," and it is hoped that it will secure more orders in the global market and achieve even better results in the future.
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