Quartz·1 min read·easy
China's CXMT soared 466% on its first day of trading after a record memory chip IPO
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Chinese memory chipmaker CXMT saw its stock price surge 466% on its first day of trading following a record-breaking $8.6 billion IPO. The company has now surpassed ICBC to become China's most valuable listed entity.
The Chinese memory chipmaker raised $8.6 billion in Asia's biggest IPO this year, vaulting it past ICBC as China's most valuable listed company
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