CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company (Jenny Lee/CNBC)
CXMT ended its first Shanghai trading day up 466%, putting it above every other mainland-listed company by market value.
The Hefei-based memory chipmaker debuted on the STAR Market after an $8.6 billion IPO. Techmeme’s note says the closing surge gave CXMT a market cap of about $487 billion. The roundup links coverage framing the move around China’s DRAM ambitions and the AI-driven memory market. Techmeme's note
The Hefei-based memory chipmaker debuted on the STAR Market after an $8.6 billion IPO. Techmeme’s note says the closing surge gave CXMT a market cap of about $487 billion. The roundup links coverage framing the move around China’s DRAM ambitions and the AI-driven memory market. Techmeme's note
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