Over 500% jump! Why CXMT skyrocketed on stock market debut to become China’s most valuable listed company
CXMT is China’s leading producer of dynamic random-access memory (DRAM) chips. (Reuters photo) A Chinese company has just debuted on the stock market with a 500% gain after raising a record number in Asia’s biggest public offering so far this year. Meet China’s CXMT – it’s the country’s most valuable listed company – a chipmaker…