Finance·Jul 27, 2026
Chinese Chipmaker CXMT Surges 470 Percent in Shanghai Debut
The memory chip manufacturer briefly overtook ICBC to become mainland China's most valuable company following a $9.8 billion IPO
By Cheng Wei-Lun · 2 min ·
Every BriefAsia story tagged Ipos, newest first.

The memory chip manufacturer briefly overtook ICBC to become mainland China's most valuable company following a $9.8 billion IPO

Foundation Healthcare's oversubscribed offering signals investor appetite, though recent poor debut performances and rising utility costs weigh on sentiment