CXMT Overtakes Tencent to Become China’s Most Valuable Public Company
Chinese memory chipmaker CXMT has surpassed Tencent in market value following its blockbuster IPO, highlighting how the AI boom is reshaping China’s equity market.
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Chipmaker CXMT Becomes China’s Most Valuable Listed Company After 466% IPO Surge
By
Michael Foster
• 3 mins read
Chinese memory chipmaker CXMT surged 466% on its market debut after raising $8.6 billion in Asia’s largest IPO of the year, becoming China’s most valuable listed company.