China's CXMT jumps 471% on debut, riding AI memory boom to record IPO

Source: Biztoc.com· asia.nikkei.com· July 27, 2026
China's CXMT jumps 471% on debut, riding AI memory boom to record IPO

SHANGHAI -- Chinese memory chip maker CXMT jumped in its stock market debut on Monday, after raising at least 57.9 billion yuan ($8.6 billion) in Asia's largest initial public offering so far this year. DRAM supplier's H1 earnings swing underscores pricing st…

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