China's CXMT jumps 471% on debut, riding AI memory boom to record IPO

IPODRAM supplier's H1 earnings swing underscores pricing strength in sectorChipmaker CXMT's held a record IPO on the Shanghai STAR Market with its landmark share sale on July 27. © ReutersWATARU SUZUKIJuly 27, 2026 10:43 JSTSHANGHAI -- Chinese memory chip maker CXMT jumped in its stock market debut on Monday, after raising at least 57.9 billion yuan ($8.6 billion) in Asia's largest initial public offering so far this year.