CXMT Closes Its First Shanghai Session Up 466%, Becoming China's Most Valuable Listed Company on Memory Demand
CNBC (community: r/LocalLLaMA; corroborated by Fortune, Quartz, Taipei Times)·high signal
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.