BUSINESSSCMP CHINA
CXMT shares rise 472% as DRAM maker becomes largest China-listed firm by total market cap
ChangXin Memory Technologies (CXMT) shares surged 472% on their Shanghai Star Market debut, reaching 49.50 yuan from an IPO price of 8.66 yuan, giving the Hefei-based DRAM maker a 3.31 trillion yuan market capitalization. CXMT is now the largest China-listed company by total market cap.
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