CXMT—whose memory chips have been sought by Apple—made a blockbuster trading debut on Monday and briefly became the most valuable publicly listed company in mainland China. Read more:

CXMT, formally ChangXin Memory Technologies, began trading on Shanghai’s STAR Market today under ticker 688825. Reuters reported that the company raised RMB 57.92B, or about $8.6B, in Asia’s largest IPO this year. Shares opened at RMB 49.50, compared with an IPO price of RMB 8.66, giving the DRAM maker a sharply higher market value in early trading. CXMT is a major DRAM manufacturer, and memory has become a more strategic part of the AI infrastructure stack as demand for DRAM, HBM and high-capacity storage rises. The listing gives public markets another way to price the memory cycle — not only through established global suppliers, but also through companies expanding capacity into an AI-driven demand environment.

CXMT closing price after the first trading week China’s memory chip giant CXMT (长鑫科技) has officially made its Shanghai debut. Predict its closing price at the end of its first trading week on July 31, 2026. Now Live➡️

CXMT is now reportedly the largest public Chinese 🇨🇳 company CXMT is now the 24th largest company in the world worth more than Intel $INTC 22 Exxon Mobil $XOM $651B 23 Johnson & Johnson $JNJ $635B 24 CXMT $514B 25 Tencent $500B 26 Mastercard $MA $477B 27 Intel $INTC $466B

CXMT’s official IPO price is only RMB 8.66, roughly $1.20 per share. At $6, the pre-IPO perpetual contract implies a valuation of more than $400 billion—nearly five times its IPO valuation. CXMT’s official IPO price is only RMB 8.66, roughly $1.20 per share. At $6, the pre-IPO perpetual contract implies a valuation of more than $400 billion—nearly five times its IPO valuation. short 15000$ 3x ⬇️

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