CXMT Becomes Mainland China’s Most Valuable Listed Company After Blockbuster Market Debut
ChangXin Memory Technologies (CXMT), China’s largest memory chip manufacturer, has become the most valuable listed company in mainland China after its shares soared more than 470% during their debut on the Shanghai Stock Exchange’s STAR Market. The sharp rise lifted the company’s market valuation to approximately 3.3 trillion yuan ($487.3 billion), surpassing every other publicly…