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.
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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 …
China memory chipmaker CXMT skyrockets 470% in Shanghai debut
China’s fourth largest DRAM maker CXMT debuts on Shanghai market Monday …
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The midsummer heat is stifling, yet inside the exhibition halls of the 2026 World Artificial Intelligence Conference — which recently concluded in Shanghai — the temperature also feels high due to a …
