Micron

CXMT Debut Surges 470%, Valued at $85.5B

ChangXin Memory Technologies (CXMT) blasted onto Shanghai’s STAR Market with shares surging about 470–500%, valuing the chipmaker at around $85–89 billion and positioning it among China’s top-listed semiconductors. The IPO raised about 57.92 billion yuan with only a 6.73% free float, a setup that could amplify trading volatility even as demand for AI memory chips drives the premium.”