Business

CXMT's IPO Boosts Chinese Tech Sector

Updated 2026-07-27 01:55 UTC 1 source Positive

China-based memory chipmaker CXMT saw a dramatic 470% increase in its stock price during its Shanghai debut. The company raised significant capital, marking a major milestone for the tech industry.

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CNBC

China memory chipmaker CXMT skyrockets 470% in Shanghai debut

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

2026-07-27 01:44 UTC