Rate Of ReturnSpaceX is the largest IPO in history. But it is not the largest in terms of order book SpaceX has accumulated usd100 bil but compared to some of the recent Chinese IPO, it is still small. China chipmaker MetaX Integrated Circuits Shanghai Co's IPO in 2025 drew in usd444 bil! Mixue, the popular tea and ice cream serving chain debuted in Hong Kong with usd230 bil. Chinese investors can't be underestimated for their ability to move the market.
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