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CXMT soared 466% on day one to become China’s most valuable onshore company — Blankdot

thenextweb.com1 week ago

CXMT soared 466% on day one to become China’s most valuable onshore company

CXMT soared 466% on day one to become China’s most valuable onshore company

China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 trillion yuan, or about $485bn. The numbers are…

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