China memory chipmaker CXMT skyrockets 470% in Shanghai debut
5 sources covered this · see comparison →
Shares of Chinese chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai's tech-heavy STAR Market. The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share. Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus.
- ▪Shares of Chinese chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai's tech-heavy STAR Market.
- ▪The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
- ▪Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus.
3 outlets in our directory ran this story, first to last over 1 hour. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ China’s CXMT surges 470% in Shanghai debut after Asia’s biggest 2026 IPO — Investing.com — News
- ▪ China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO - Reuters — Google News
CNBC — Top files mainly under finance. We currently carry 472 of its stories.
Opening excerpt (first ~120 words) tap to expand
Shares of Chinese chipmaker Changxin Technology Group rose about 470% Monday as they debuted on Shanghai's tech-heavy STAR Market. The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share. Shares surged to 49 yuan a piece on open. Based on sales figures for the fourth quarter of 2025, CXMT held a 7.67% share of the global DRAM market in 2025, according to its IPO prospectus. DRAM chips are used in electronic devices ranging from smartphones to servers.Founded in 2016 by chairman Zhu Yiming, the company plans to use the IPO proceeds primarily for memory wafer mass production and R&D projects to boost its technological capabilities and core competitiveness, according to a Google translation of the information in the prospectus.CXMT's…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
Discussion
0 commentsMore from CNBC — Top
