Occasional Digest

China memory chipmaker CXMT rockets 500% in Shanghai debut, lifts valuation above $539B

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Shares of China’s leading memory chipmaker, CXMT, formerly ChangXin Memory Technologies, surged more than 500% in their Shanghai market debut on Monday, highlighting strong investor demand for China’s semiconductor sector.

CXMT raised 57.92B yuan ($8.6B) by selling shares at 8.66 yuan apiece

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