SHANGHAI: Shares of CXMT Corp surged nearly 470 per cent at their Shanghai debut on Monday (Jul 27) after Asia's biggest IPO this year, catapulting the chipmaker to the top of China's stock market by valuation despite a recent selloff in global tech stocks.The stock began trading at 49.50 yuan compared to its

CXMT Corp raises $8.6 billion in Asia's largest IPO of 2026 ahead of its Shanghai STAR Market debut, fueled by 700% revenue growth and surging AI

The STAR Market’s largest IPO mints massive windfalls for early backers while draining liquidity from broader Chinese indexes

China's largest memory chipmaker made a blockbuster debut on the Shanghai Stock Exchange's STAR Market on Monday as experts pointed to growing signs of a structural bull run in…

State-backed DRAM supplier rides AI boom to record IPO despite valuation concerns