China’s biggest memory chip maker CXMT shares jumps 470% after Asia’s biggest IPO

China's biggest memory chip maker, Changxin Technology Group (CXMT), saw its shares jump about 470% on their stock market debut on Monday, July 27 after completing Asia's biggest initial public offering (IPO) this year. The company raised 57.92 billion yuan ($8.6 billion) in the listing before its shares opened at more than 49 yuan, up sharply from the IPO price of 8.66 yuan per share.

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