The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
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China memory chipmaker CXMT skyrockets 500% in blockbuster Shanghai debut
China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai
Shares of CXMT, China’s largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 472 …
China’s answer to SK Hynix soars more than 500pc on market debut
Shares in memory chip maker CXMT surged far above their IPO price after raising about $12 billion in Asia’s biggest initial public offering this year.
China’s Fang Xinghai Probe Puts Finance Discipline Cases at 400
China’s investigation into former securities regulator Fang Xinghai has pushed the number of financial-sector officials and executives ensnared in the country’s anti-corruption campaign to more than …
China’s Crude Imports in July Poised to Rebound From Decade Low
China’s crude imports this month are expected to rebound from the lowest level in more than a decade after flows through the Strait of Hormuz accelerated and refiners increased purchases of Russian …
Mao’s old limo brand is now outselling Rolls-Royce in China two to one
State-owned Hongqi’s ultra-luxury sedans are attracting wealthy Chinese buyers who once gravitated toward British prestige brands, and now it wants a bigger stage …
CXMT becomes China’s biggest listed company by market cap after blockbuster IPO
Eugene Hsiao from Macquarie Capital talks about the significance of CXMT’s mega IPO to both China’s tech self-sufficiency drive and the global memory market.
China’s hottest AI chip stock became its most valuable listed company on day one
Chinese memory-chip maker CXMT became the mainland’s most valuable listed company, overtaking ICBC after its blockbuster IPO.
China’s tycoons made fortunes offshore. Now the party is over.
In a series of new rules and laws, China is reordering the wealth landscape, seeking to better control how money leaves the country.
Chipmaker CXMT becomes mainland China’s most valuable listed firm
The surge has pushed CXMT’s stock market valuation to around 3.3 trillion yuan ($487.3bn; £364.9bn), making it the most valuable listed company in mainland China. The spectacular debut comes despite a …
China’s industrial profits grow at slowest pace this year
Profit growth at China’s industrial companies slowed to its lowest pace this year in June, according to official data that underlined an uneven rebound in earnings across the world’s second-largest …
China memory chipmaker CXMT skyrockets 470% in blockbuster Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
ChangXin Memory Technologies IPO becomes largest in mainland China since 2010
ChangXin Memory Technologies raised 57.9 billion yuan in China’s largest IPO since 2010, signaling massive investor appetite for semiconductor …
