CXMT’s 466% IPO jump makes it China’s most valuable listed firm
Chipmaker CXMT raised 57.92 bn yuan at 8.66 yuan per share and surged 466% on its STAR Market debut, closing at 49 yuan and hitting a 3.3 tn‑yuan market cap that eclipses ICBC. The jump crowns it the most valuable China‑listed company and signals strong demand for domestic DRAM amid AI‑driven self‑sufficiency pushes.