CXMT Becomes China’s Most Valuable Listed Company After 466% Debut Surge
Shares of memory-chip maker CXMT soared 466% on Monday during their debut on the Shanghai Stock Exchange’s technology-focused STAR Market, according to Reuters. The initial public offering raised 57.92 billion yuan ($8.6 billion) after being priced at 8.66 yuan per share, marking Asia’s biggest IPO so far this year as reported by CNBC. CXMT Market … Read more