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CXMT shares soar over 500% on Shanghai debut after Asia's biggest IPO

Livemint Markets

Jul 27, 2026 · 11:48 AM 1 min reading time

CXMT Corp's stock soared 500% on its first day on the Shanghai Stock Exchange, achieving a market capitalisation of 3.65 trillion yuan, surpassing ICBC. This leap underscores CXMT's importance in bolstering China's chip industry amid growing US semiconductor restrictions.

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CXMT shares soar over 500% on Shanghai debut after Asia's biggest IPO

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