Nomura gave a target price of 116 yuan for Changxin Technology, a leading Chinese memory chip company that went public on Monday. Since it is expected that its market share growth will accelerate, the company's IPO issuance price is 8.66 yuan. “As the tight global memory supply situation is unlikely to ease in the next few years, we expect Changxin Technology's market share growth to accelerate,” analyst Donnie Teng wrote in the report. Nomura gave Changxin Technology a target price-earnings ratio of 20 times.

Nomura gave a target price of 116 yuan for Changxin Technology, a leading Chinese memory chip company that went public on Monday. Since it is expected that its market share growth will accelerate, the company's IPO issuance price is 8.66 yuan. “As the tight global memory supply situation is unlikely to ease in the next few years, we expect Changxin Technology's market share growth to accelerate,” analyst Donnie Teng wrote in the report. Nomura gave Changxin Technology a target price-earnings ratio of 20 times.