The story so far
CXMT Shanghai Debut Surge
Tracked across 3 sources · Updated 5h ago
ChangXin Memory Technologies (CXMT) surged over 470% on its Shanghai STAR Market debut on July 27, 2026, following Asia's biggest IPO of the year at $8.6 billion. The rally made it China's most valuable listed company, driven by AI-fueled demand for DRAM chips.
How it unfolded
6h ago
State-linked Anhui stake valued at $192 billion after debut
1d ago
IPO raises $8.6 billion in Asia's largest offering of 2026
1d ago
CXMT debuts on Shanghai STAR Market, shares surge over 470%
What happened earlier
Latest updates
Latest
Full story →CXMT shares soar over 460% on debut, valuing Anhui’s stake at $192 billion
Chinese DRAM maker CXMT surged over 460% on its Shanghai stock market debut.
State-linked entities in Anhui province own about 40% of CXMT.
The rally valued Anhui’s stake at approximately $192 billion.
The blockbuster debut was driven by the AI-fueled memory-chip boom.
Earlier · 1d ago
Full story →The Curious Case of CXMT: China’s Chip Giant Surges 470% in Shanghai Debut After Asia’s Biggest IPO
ChangXin Memory Technologies (CXMT) shares surged approximately 470% on its Shanghai STAR Market debut on July 27, 2026.
CXMT raised 57.92 billion yuan ($8.6 billion) in Asia's largest IPO of 2026 and mainland China's biggest since 2010.
The opening surge pushed CXMT's market capitalization to roughly 3.3 trillion yuan ($480 billion).
CXMT secured a 7.67% share of the global DRAM market by late 2025 and plans to use IPO proceeds for DDR5 and High-Bandwidth Memory (HBM) production expansion.
US lawmakers have urged restrictions on procurement of memory chips from state-subsidized Chinese vendors like CXMT, though the Commerce Department has deferred adding CXMT to the Entity List.
Earlier · 22h ago
Full story →CXMT shares surge over 500% on market debut
ChangXin Memory Technologies (CXMT) raised 57.92 billion yuan ($8.6 billion) in Asia's biggest IPO this year.
CXMT shares surged over 500% on debut, lifting market cap to about 3.65 trillion yuan ($539.21 billion), making it China's most valuable listed company.
CXMT is China's leading producer of DRAM chips, used in smartphones, PCs, servers, and AI systems.
CXMT became the world's fourth-largest DRAM manufacturer with a 7.7% market share in 2025, driven by AI demand.
First-quarter revenue surged 719% year-over-year to 50.8 billion yuan ($7.51 billion), and first-half 2026 revenue is expected to nearly double full-year 2025 revenue.