CXMT shares rose over 500% in Shanghai debut
CXMT, China’s leading memory chipmaker, saw its shares surge more than 500% in their Shanghai market debut.
The company raised 57.92B yuan by selling shares at 8.66 yuan apiece, which is equivalent to $8.6B.
This strong investor demand highlights the growing interest in China’s semiconductor sector, lifting CXMT’s valuation above $539B.