CXMT’s Record IPO Upends DRAM Market and Sends Global Chip Stocks Reeling
CXMT Corp (ChangXin Memory Technologies) completed a landmark initial public offering that surged 466% on its first trading day, raising $8.6 billion and briefly becoming China’s most valuable listed company in a single session. The debut knocked global memory incumbents lower, highlighted capacity expansion plans that could double wafer output, an…