Shanghai Beat

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp soared 466% on their Shanghai trading debut on Monday following Asia’s biggest IPO this year, catapulting ……

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp soared 466% on their Shanghai trading debut on Monday following Asia’s biggest IPO this year, catapulting ……

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp soared 466% on their Shanghai trading debut on Monday following Asia’s biggest IPO this year, catapulting ……

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share….

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share….

CXMT, short for ChangXin Memory Technologies, is one of several major players in the memory market that are profiting from the ongoing AI boom. At present, ……

The Chinese memory chipmaker raised $8.6 billion in Asia’s biggest IPO this year, vaulting it past ICBC as China’s most valuable listed company ……

CXMT closed its Shanghai debut up 466%, worth about $485bn. Nomura says it can rally 1,239% more. Morningstar values it at a third of that….

CXMT has become the most valuable company listed on a mainland Chinese exchange, with a market capitalization of more than $487 billion….

CXMT closed its Shanghai debut up 466%, worth about $485bn. Nomura says it can rally 1,239% more. Morningstar values it at a third of that….