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CXMT Shares Soar 500% on Shanghai Debut
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CXMT Corp's stock has surged 500% on its first day on the Shanghai Stock Exchange, achieving a market capitalisation of 3.65 trillion yuan. The company's IPO has raised 57.92 billion yuan, making it Asia's biggest IPO of the year.
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CXMT Shares Soar 500% on Shanghai Debut
CXMT Corp's stock has soared 500% on its first day on the Shanghai Stock Exchange, following Asia's biggest IPO of the year. The company's market capitalisation has reached 3.65 trillion yuan, surpassing ICBC. The Hefei-based company raised 57.92 billion yuan after pricing its IPO at 8.66 yuan per share.
China’s CXMT shares surge 500% in Shanghai debut, raises $8.6 billion
Shares of Changxin Technology Group (CXMT) soared over 500% during their debut on Shanghai's STAR Market, making it the most valuable China-listed company. The Hefei-based memory chipmaker raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share. The blockbuster listing underscores strong investor appetite for China's domestic semiconductor sector amid geopolitical tensions.
CXMT Shares Make Shanghai Debut After Asia's Biggest IPO of 2026
Chinese DRAM maker CXMT Corp has made its Shanghai debut after raising $8.6 billion in Asia's biggest initial public offering (IPO) of 2026. The company's valuation stands at $85.5 billion, with a thin 6.73% free float likely to amplify trading. CXMT is the world's fourth-largest DRAM chipmaker. The company's shares debuted in Shanghai on Monday, marking a significant milestone in its growth. The IPO was a major success, with CXMT Corp raising $8.6 billion, making it Asia's biggest IPO of 2026. The company's valuation and thin float are in focus as it begins trading in Shanghai.
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