EQUIPThe Verge · 4d ago
Chinese RAM company CXMT makes a $484 billion stock market debut
Executive Brief
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ChangXin Memory Technologies achieved a $484 billion valuation following a 466 percent share surge during its Shanghai stock exchange debut. The memory firm now stands as the most valuable Chinese company listed on the domestic exchange.
- 01CXMT shares rose 466 percent on the first day of trading in Shanghai
- 02Current market valuation reaches 484 billion dollars following the initial public offering
- 03Company is now the highest valued Chinese firm listed on the Shanghai stock exchange
- 04Rapid growth highlights significant capital shifts within the global semiconductor and memory sectors
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AI in Corporate Travel 2026 →AI-generated summary · Verify at source
The China-based memory firm ChangXin Memory Technologies (CXMT) had a massive first day on the Shanghai stock exchange after its shares surged 466 percent, as reported earlier by The Wall Street Journal and CNBC. The stock market frenzy boosted CXMT's valuation to $484 billion, making it the most valuable Chinese company listed on the exchange. […]