CXMT Soars 465% on Debut, Becomes China's Most Valuable Listed Company
Memory chipmaker CXMT closed its first trading day with a 465% surge, vaulting its market cap from $85.5 billion to nearly $500 billion and making it the most valuable publicly traded company in China.
CXMT
CXMT’s shares skyrocketed 465% on their trading debut, propelling the company’s market capitalization from $85.5 billion during the IPO process to roughly $500 billion by the close.
The massive first-day gain officially makes CXMT the most valuable listed company in China.
Source: The Kobeissi Letter