Jul 27, 2026
CXMT Surges Over 500% in Shanghai Debut After $8.6 Billion IPO
ChangXin Memory Technologies (CXMT) saw its shares soar more than 470% on its first day of trading on Shanghai's STAR Market, making it mainland China's most valuable listed company. The IPO raised $8.55 billion, making it Asia's largest IPO of 2026 and reflecting investor confidence in China's semiconductor self-sufficiency push amid U.S. technology restrictions.
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