Some investors are already getting anxious, suggesting that Changxin Technology should postpone its IPO. Here’s why: 1️⃣ A good company should also choose the right timing to go public. 2️⃣ With 66.8 billion shares, an issue price of 4.41 yuan, and a market cap of 3 trillion yuan, it’s creating an extremely strong imagination of 'low price, scarcity, and huge profits.' 3️⃣ Its sibling company, GigaDevice, has already given us a preview. 4️⃣ The lesson from China Resources New Energy was just yesterday. 5️⃣ The STAR Market bull run shouldn’t just be about raising funds. 6️⃣ Changxin is already self-sufficient; the 29.5 billion isn’t 'lifesaving money.' 7️⃣ If postponed, at least three more things need to be done (see image 2). Message from investors: If one of China’s most important semiconductor companies goes public at an extremely low nominal price, then skyrockets tenfold due to scarce shares, only to plummet during a downturn in the memory cycle, this won’t be the pride of the STAR Market. It will just leave behind another group of investors trapped at the peak.