FinanceMoneycontrol
CXMT shares soar over 460% on debut, valuing Anhui’s stake at $192 billion
in5points
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.
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