China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO

Chinese chipmaker CXMT saw its shares surge by 470% on its stock market debut on July 27, according to The Straits Times and BBC. Der Spiegel reported a 500% increase, while Politiken stated a 530% rise. The company became China's most valuable listed company following the debut, as reported by The Straits Times and Politiken. Observador noted that CXMT placed 6.688 million shares at an initial price of 1.12 euros each, which later multiplied to 6.41 euros. The surge was driven by the AI boom boosting chip demand, according to BBC.

All events, Monday, July 27, 2026

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