CXMT surges 472% on Shanghai debut after $9.8 billion IPO
firstadopter · x · 2026-07-27
CXMT’s Shanghai debut sent its shares up 472% on Monday, after the memory chipmaker raised up to 66.6 billion yuan ($9.8 billion) in what Bloomberg says is the second-largest IPO in China’s history.
The stock surge made CXMT one of the country’s largest listed firms onshore, underscoring strong investor demand for a domestic memory-chip champion.
Related event: CXMT Skyrockets on Shanghai Debut, Market Cap Briefly Tops Intel(6 posts)→
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