CXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's valuation. The company is now China's most valuable listed firm, surpassing a major bank. Investor interest stems from exposure to the current memory supercycle. This strong performance occurred despite recent global tech stock selloffs.

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…

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven…