CXMT Stock Skyrockets 500% in Blockbuster Shanghai Debut
Changxin Technology Group raised 57.92 billion yuan ($8.6 billion) in an initial public offering on Shanghai’s STAR Market, according to an IPO prospectus and market data reported by CNBC. Shares surged more than 500% on their market debut, pushing the Hefei-based chipmaker’s market capitalization to about 3.5 trillion yuan and making it the most valuable … Read more