Memory chip maker CXMT debuts in Shanghai, up 470% at open and becomes the largest listed company in China

ChangXin Memory Technologies opens at Shanghai Stock Exchange. The IPO offer was 8.66 CNY. Instantly jumped 470% over high Dram demand. The company has said it plans to use most of the proceeds from the initial public offering (IPO) to boost production of memory chips and carry out more research and developments.   submitted by   /u/Joohansson [link]   [comments]

Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.