Chipmaker CXMT becomes mainland China's most valuable listed firm
Asia-PacificBusinessHigh confidence — 84/100
The surge has pushed ChangXin Memory Technologies' (CXMT) stock market valuation to around 3.3 trillion yuan ($487bn; £365bn), making it the most valuable listed company in mainland China.
The spectacular debut comes despite a sharp sell-off in technology stocks around the world this month.
Shares in China's biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy Star Market.
Confirmed
The surge has pushed ChangXin Memory Technologies' (CXMT) stock market valuation to around 3.3 trillion yuan ($487bn; £365bn), making it the most valuable listed company in mainland China.
The spectacular debut comes despite a sharp sell-off in technology stocks around the world this month.
Shares in China's biggest memory chip maker have surged by more than 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy Star Market.