BUSINESSFINANCIAL TIMES WORLD
The unexpected winners from China’s blockbuster chip IPO
Hefei’s local government funds achieved 5,000% gains from the CXMT chip IPO. The article highlights unexpected financial benefits for these government-run funds following the company’s listing.
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- China's CXMT soared 466% on its first day of trading after a record memory chip IPO
- China memory chipmaker CXMT skyrockets 470% in Shanghai debut
- CXMT surge shows why China stock buyers see IPOs as one-way bet
- IPOs, Huawei Plan Add to China’s $900 Billion Chip Stock Boom