CXMT, The Memory Maker Apple Wants, Jumps 470 Per Cent On Debut

ChangXin Memory Technologies opened at RMB 49.50 on the Shanghai STAR Market on 27 July 2026, up 471.59 per cent on its RMB 8.66 offer price, and peaked at RMB 55.03. At RMB 49.87 in mid-session the company was worth RMB 3.34 trillion, about $487 billion, passing ICBC as the most valuable company listed on a Chinese mainland exchange. Only 6.73 per cent of shares trade freely and the retail tranche was oversubscribed 212 times. Apple petitioned the Trump administration in June 2026 for permissio...

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