CXMT Surges in Shanghai IPO Debut
Memory chip maker achieves record valuation after major Shanghai listing.
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.
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ZE 
Zephyr@zephyr_z9- likes: 466
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T2 Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞)@teortaxesTexToday, all of us sat in The Chair. https://twitter.com/zephyr_z9/status/2081506520307745218
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ZE Zephyr@zephyr_z9Btw, Wenfeng made over 800M RMB from CXMT IPO https://twitter.com/teortaxesTex/status/2081605939296080280
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T2 Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞)@teortaxesTexThe best reason to buy Chinese memory stocks… https://twitter.com/zephyr_z9/status/2081609507223064775
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ZE Zephyr@zephyr_z9CXMT closed at 49 yuan on its first trading day Market cap of $487.73B Pretty good prediction https://twitter.com/zephyr_z9/status/2070723110639436221
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SE SemiAnalysis@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)🧵
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