Chinese chip maker CXMT surges fivefold on Shanghai debut — $85bn market cap

Chinese memory chip manufacturer CXMT made its Shanghai stock exchange debut with a fivefold surge in share price on its first day of trading. The company closed the session with a market capitalisation of $85 billion. It is one of the most spectacular IPO debuts on a Chinese exchange in recent memory.

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💻 Technology Chinese memory chipmaker CXMT debuts on stock market with $484 billion valuation The Verge · 1d ago 📈 Business CXMT shares surge 466% on debut — Chinese DRAM maker valued at $488 bn PC Gamer · 1d ago 💻 Technology Chinese chipmakers CXMT and YMTC flex muscle in AI-driven memory boom TVN24 · 4d ago

More on this topic

💻 Technology Chinese memory chipmaker CXMT debuts on stock market with $484 billion valuation The Verge · 1d ago 📈 Business CXMT shares surge 466% on debut — Chinese DRAM maker valued at $488 bn PC Gamer · 1d ago 💻 Technology Chinese chipmakers CXMT and YMTC flex muscle in AI-driven memory boom TVN24 · 4d ago