Business Standard

Wednesday, December 25, 2024 | 02:38 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Day 1 of China's Nasdaq equivalent: 3 billionaires created on 'Star'

The 25 companies that debuted on the so-called Star market rose an average of 140% in the first trading day

China Market, Stocks
Premium

Bloomberg
China’s much-hyped new trading venue for technology stocks started with a bang on Monday, creating three new billionaires.

The 25 companies that debuted on the so-called Star market rose an average 140 per cent in the first trading day, making billionaires of the presidents of a battery-test equipment maker and an LCD-display manufacturer, as well as the chairman of a firm that produces artificial intelligence technology for smartphone cameras.

Rising personal fortunes thanks to the new Nasdaq-style venue could go some way toward helping China keep the next Alibaba Group Holding Ltd. at home rather than seeing its fastest-growing companies head to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in