AIFortuneabout 1 hour ago
Chinese chipmaker CXMT surges 466% on debut
4 min read
CXMT, China's largest memory chipmaker, saw shares surge 466% on its first trading day in Shanghai. The IPO raised at least $8.6 billion, giving the company a market cap of about $487 billion. CXMT is the world's fourth-largest DRAM maker with roughly 9% of global shipments.
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