Chinese Chipmaker CXMT Shares Soar Nearly 500% in Shanghai Debut
Chinese memory chipmaker CXMT saw its shares surge by almost 500% on its Shanghai trading debut, valuing the DRAM maker at US$489 billion. This significant market entry highlights the company's rapid growth and the increasing prominence of China's domestic chip industry.
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China Memory Champion CXMT Set to Debut After $9.8 Billion IPO
CXMT Corp. is set to begin trading in Shanghai on Monday after raising 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history, with potential for a first-day gain that would make it the largest company in the country.
By Bloomberg News
Read full article →Chinese chipmaker CXMT soars almost 500% in market debut
IPO is biggest in mainland since 2010 and reflects booming demand for AI memory chips
Read full article →China memory chipmaker CXMT skyrockets 470% in Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
Read full article →China’s CXMT shares rise 472% on Star Market debut, valuing DRAM maker at US$489 billion
Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. The size of the closely watched offering, up to 66.6 billion yuan, is set to surpass the 53.2...
By Howard Liu
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