Chipmaker CXMT vaults to top of China’s valuation with 466% surge in Shanghai debut
The small initial float could magnify price swings and attract strong turnover.CXMT, formerly ChangXin Memory Technologies, raised 57.92-billion yuan (US$8.6-billion) in the IPO, the biggest mainland Chinese semiconductor offering on record. It expects net profit of 66-billion yuan to 75-billion yuan, reversing a year-earlier loss.
- ▪The small initial float could magnify price swings and attract strong turnover.CXMT, formerly ChangXin Memory Technologies, raised 57.92-billion yuan (US$8.6-billion) in the IPO, the biggest mainland Chinese semiconductor offering on recor
- ▪It expects net profit of 66-billion yuan to 75-billion yuan, reversing a year-earlier loss.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/investing/article-chipmaker-cxmt-vaults-to-top-of-chinas-valuation-with-466-surge-in/ |
| Publication time | Mon, 27 Jul 2026 12:28:38 +0000 |
| Retrieval time | 2026-07-27T12:36:17.406Z |
| Last seen | 2026-07-27T12:36:17.406Z |
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Open this photo in gallery:This photo shows a view of an entrance to the ChangXin Memory Technologies (CXMT) factory on the outskirts of Beijing on July 27.PEDRO PARDO/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountShares of CXMT Corp soared 466 per cent on their Shanghai trading debut on Monday following Asia’s biggest IPO this year, catapulting the chipmaker to the top of China’s stock market by valuation despite a recent selloff in global tech stocks.As U.S.
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