News · 27 July 2026

Chinese chipmaker CXMT shares rise 500% on Shanghai stock market debut

Shares of CXMT Corp jumped over 500% on Monday during its Shanghai trading debut, making it China's most valuable listed company. Asia's biggest IPO this year raised 57.92 billion yuan, or about $8.6 billion. The strong debut comes despite a recent global selloff in tech stocks.

By BriefTea Editorial · 27 July 2026 at 7:41

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