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CXMT Closes Its First Shanghai Session Up 466%, Becoming China's Most Valuable Listed Company on Memory Demand
ChangXin Memory Technologies, China's largest DRAM maker, priced at 8.66 yuan, opened at 49.50, and closed its July 27 debut up 466% — taking market cap to roughly 3.3 trillion yuan (~$488B) and passing ICBC to become the most valuable company on a mainland exchange. The IPO raised 57.92 billion yuan (~$8.6B), Asia's largest of 2026. r/LocalLLaMA picked it up (363 upvotes, 51 comments) under the framing that matters to builders: the memory supply chain feeding local inference is now being repriced by Chinese capital markets, though CXMT's cap still trails Samsung, SK Hynix and Micron.
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