China memory chipmaker CXMT skyrockets 500% in blockbuster Shanghai debut

Chinese memory chipmaker CXMT delivered a blockbuster Shanghai stock exchange debut, with shares soaring four hundred seventy percent on opening day, per CNBC. The Hefei-based company raised eight point six billion dollars through the offering, pricing its IPO at eight point six six yuan per share.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton