The Kobeissi Letter(@KobeissiLetter):BREAKING: Chinese memory chipmaker CXMT closes +465% higher in its first day of trading, officially making it the most valuable company listed in China. The rally sent the stock's market cap up from $85.5 billion during the IPO process to nearly $500 billion today.

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The Kobeissi Letter@KobeissiLetter

2026.07.27 13:06

BREAKING: Chinese memory chipmaker CXMT closes +465% higher in its first day of trading, officially making it the most valuable company listed in China. The rally sent the stock's market cap up from $85.5 billion during the IPO process to nearly $500 billion today.