The chip manufacturer made its debut on the stock exchange with a rise of over 500 percent.
The Chinese memory chip manufacturer CXMT achieved its first trading day, with the company’s shares rising multiple times above the initial offering price, making it the largest company on the Chinese stock exchange in a single day. However, this impressive rally is now seen by more and more investors as a sign of overvaluation.
The Chinese memory chip manufacturer CXMT achieved its historic first trading day: the company’s shares rose multiple times above the initial offering price, making it the largest listed company in China in a single day. However, this impressive rally is now seen by more and more investors as a sign of overvaluation.
