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    CXMT Surges in Shanghai IPO Debut

    Memory chip maker achieves record valuation after major Shanghai listing.

    JB
    T(
    AC
    17 Sources, 66d ago, first seen 66d ago

    TLDR

    Chinese DRAM producer CXMT completed its public debut on the Shanghai exchange following one of the country's largest IPOs. The company, which has rapidly risen to become a top global memory manufacturer, attracted intense investor interest amid China's push in semiconductors and AI hardware. Sources note its origins from prior tech transfers and substantial backing, positioning it to compete with established international firms in the memory market. The event highlights exceptional market enthusiasm for domestic tech champions.

    Combined views

    840K

    17 Sources, first seen 66d ago

    Combined views

    840K

    17 Sources, first seen 66d ago

    3.3K likes
    3.3K likes
    109 comments
    395 saves
    233 reposts

    Sentiment

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    Featured Source
    109 comments
    395 saves
    233 reposts
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    CXMT

    17 Sources

    @zephyr_z9CXMT will start trading in 3 hours It will be the craziest IPO I have ever seen
    @AndrewCurran_@zephyr_z9 Huge buildup in the press. And the Apple lobbying coincidentally leaked at the perfect time.
    @firstadopterTick Tock. The AI news never stops. Bloomberg: "CXMT Corp.’s shares rose 472% when they began trading in Shanghai on Monday" "The robust debut came after the company raised as much as 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history."
    @teortaxesTexToday, all of us sat in The Chair.
    @SemiAnalysis_CXMT just had the most absurd debut in semiconductor history. Priced at ¥8.66, opened at ¥49.50, closed +466% at ¥49. Market cap: ~$488B — bigger than Intel. A DRAM maker that didn't exist ten years ago. (1/2)🧵
    @jekbradburyRT @business: BREAKING: CXMT shares surge 472% in a historic Shanghai debut after raising as much as $9.8 billion in China’s second-largest…
    @davemcclureRT @Techmeme: CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most…
    @DanielleFongRT @MTSlive: SITUATION DETECTED: CXMT, the largest memory manufacturer in China, saw its stock surge nearly 500% on its first trading day.

    17 Sources

    @zephyr_z9CXMT will start trading in 3 hours It will be the craziest IPO I have ever seen
    @AndrewCurran_@zephyr_z9 Huge buildup in the press. And the Apple lobbying coincidentally leaked at the perfect time.
    @firstadopterTick Tock. The AI news never stops. Bloomberg: "CXMT Corp.’s shares rose 472% when they began trading in Shanghai on Monday" "The robust debut came after the company raised as much as 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history."
    @teortaxesTexToday, all of us sat in The Chair.
    @SemiAnalysis_CXMT just had the most absurd debut in semiconductor history. Priced at ¥8.66, opened at ¥49.50, closed +466% at ¥49. Market cap: ~$488B — bigger than Intel. A DRAM maker that didn't exist ten years ago. (1/2)🧵
    @jekbradburyRT @business: BREAKING: CXMT shares surge 472% in a historic Shanghai debut after raising as much as $9.8 billion in China’s second-largest…
    @davemcclureRT @Techmeme: CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most…
    @DanielleFongRT @MTSlive: SITUATION DETECTED: CXMT, the largest memory manufacturer in China, saw its stock surge nearly 500% on its first trading day.