Memory frenzy fuels CXMT's historic debut
CXMT debut
Covered by 7 sources
- ARY News PK·2h agoChinese chipmaker CXMT soars 500% on debut as AI fuels shortages
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
Read at ARY News PK → - NYT Business·2h agoChina’s CXMT Stock Soars 470% in Start of Trading, Amid A.I. Race
The meteoric rise on its first day of trading catapulted CXMT, China’s leading memory chip maker, to being the most valuable company on the Shanghai stock exchange.
Read at NYT Business → - BBC Technology·4h agoChipmaker CXMT becomes mainland China's most valuable listed firm
The company's shares soared by 470% in its market debut, as the AI boom drives chip demand.
Read at BBC Technology → - CNBC Top News·6h agoChina memory chipmaker CXMT skyrockets 470% in Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
Read at CNBC Top News → - Financial Times·6h agoChinese chipmaker CXMT soars almost 500% in market debut
IPO is biggest in mainland since 2010 and reflects booming demand for AI memory chips
Read at Financial Times → - ET Tech·7h agoChina memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO
At the IPO price, CXMT is valued at about 579 billion yuan ($85.5 billion) before the possible exercise of the over-allotment option, making it one of China's largest listed semiconductor companies. The company's IPO is the biggest mainland Chinese semiconductor offering on…
Read at ET Tech → - ET Markets·7h agoMemory frenzy fuels CXMT's historic debut
CXMT Corp's Shanghai debut is anticipated to be historic after a near-record IPO. The company is poised to become China's largest listed firm on its first trading day. This significant offering taps into global demand for memory chips and AI development. CXMT is China's best…
Read at ET Markets →
