China News 中国新闻网(@Echinanews):#ChinaInPhotos Chinese memory chipmaker ChangXin Memory Technologies (#CXMT) closed at 49 yuan (about $7.22) on its Shanghai STAR Market debut Monday, up 465.82 percent from its #IPO price of 8.66 yuan, with full-day turnover surpassing 140 billion yuan. The stock ended its first trading day with a market capitalization of over 3.2 trillion yuan, cementing its position as the largest listed company by market value on the A-share market. The blockbuster debut caps a historic IPO run with expected total proceeds surpassing 66 billion yuan, making it the largest-ever IPO in China's sci-tech innovation board. #ChinaTech

2026.07.28 07:20

#ChinaInPhotos# Chinese memory chipmaker ChangXin Memory Technologies (#CXMT#) closed at 49 yuan (about $7.22) on its Shanghai STAR Market debut Monday, up 465.82 percent from its #IPO# price of 8.66 yuan, with full-day turnover surpassing 140 billion yuan. The stock ended its first trading day with a market capitalization of over 3.2 trillion yuan, cementing its position as the largest listed company by market value on the A-share market. The blockbuster debut caps a historic IPO run with expected total proceeds surpassing 66 billion yuan, making it the largest-ever IPO in China's sci-tech innovation board. #ChinaTech#