On July 16, SMIC, China's top chipmaker, saw its shares surge 245% at the open on its first day of trade in Shanghai. The company issued issuing 1,685,620,000 shares at 27.46 yuan per share, raising 46.28 billion yuan ($6.62 billion). Shares were trading at 95 yuan at the open with a market cap of RMB700 billion. So far, SMIC has broken a number of records in A-share: It took only 19 days from acceptance to registration and 29 days to complete registration, setting a record for the faste...