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The Piney Point

China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai

China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai
Photo: KPRC 2 / Click2Houston (NBC) · view original

Shares of CXMT, China's largest memory chipmaker, soared Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT's shares surged 472% and were trading up 462% by early afternoon. It has become the most valuable company listed on...

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