China’s CXMT shares rise 472% on Star Market debut, valuing it at US$489b
- Posted on July 27, 2026
- By South China Morning Post
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- 1 min read
China's premier DRAM manufacturer achieved a historic milestone on the Star Market with its initial public offering, experiencing unprecedented 472% share appreciation. The company's market capitalization reached approximately $489 billion, reflecting robust investor confidence in semiconductor infrastructure amid the global artificial intelligence revolution. This record-breaking IPO demonstrates the strategic importance of memory chip production in supporting emerging AI technologies and digital transformation initiatives across Asia's largest economy.
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