Chinese memory chipmaker ChangXin Memory Technologies (CXMT) surged 465.82 percent to 49 yuan (7.22 USD) on its Shanghai STAR Market debut Monday from its IPO price of 8.66 yuan. It closed with a market capitalization exceeding 3.2 trillion yuan, becoming the largest A-share company by market value. The listing is expected to raise more than 66 billion yuan, the largest IPO in the history of China's sci-tech innovation board. Read more:
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