MetaX lists on Shanghai STAR Market with 700% debut pop, raising 4.2 billion yuan

MetaX completed its IPO on Shanghai's STAR Market on December 17, 2025, raising 4.2 billion yuan (roughly US$600M). The stock surged 700% on its first day, reflecting strong investor interest in Chinese AI chip makers. The listing values the company as a leading domestic GPU supplier amid US export restrictions.