--- title: "Founders cash out 490 million, former sponsor CICC mysteriously withdraws! Is Tianxing Medical's Hong Kong IPO a 'blood-making miracle' or a 'capital puzzle'? \"Abandoning the STAR Market to switch" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40198934.md" description: "Founder cashed out 490 million, former sponsor CICC mysteriously withdrew! Is Tianxing Medical's Hong Kong IPO a 'Blood-Making Myth' or a 'Capital Puzzle'? "Abandoning the STAR Market for Hong Kong: Behind the 5.4 billion valuation of the 'Domestic Sports Medicine Leader', why is it said to lack cost-effectiveness? Founder cashed out 490 million, former sponsor CICC mysteriously withdrew! Is Tianxing Medical's Hong Kong IPO a 'Blood-Making Myth' or a 'Capital Puzzle'? "Abandoning the STAR Market for Hong Kong: Behind the 5.4 billion valuation of the 'Domestic Sports Medicine Leader'" datetime: "2026-04-25T07:09:38.000Z" locales: - [en](https://longbridge.com/en/topics/40198934.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40198934.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40198934.md) author: "[富有四海，空无一切](https://longbridge.com/en/profiles/13729458.md)" --- # Founders cash out 490 million, former sponsor CICC mysteriously withdraws! Is Tianxing Medical's Hong Kong IPO a 'blood-making miracle' or a 'capital puzzle'? "Abandoning the STAR Market to switch The founder cashed out 490 million, and former sponsor CICC mysteriously withdrew! Is Tianxing Medical's Hong Kong IPO a 'blood-making myth' or a 'capital puzzle'? "Giving up the STAR Market for Hong Kong: Behind the 5.4 billion valuation of the 'domestic sports medicine leader', why is it criticized for poor cost-effectiveness? [The founder cashed out 490 million, and former sponsor CICC mysteriously withdrew! Is Tianxing Medical's Hong Kong IPO a 'blood-making myth' or a 'capital puzzle'? "Giving up the STAR Market for Hong Kong: Behind the 5.4 billion valuation of the 'domestic sports medicine leader', why is it criticized for poor cost-effectiveness?](https://co-creation1028.blogspot.com/2026/04/49ipo54.html) ### Related Stocks - [03908.HK](https://longbridge.com/en/quote/03908.HK.md) - [601995.CN](https://longbridge.com/en/quote/601995.CN.md)