WS #12802
Chinese DRAM maker CXMT skyrockets ~470% on debut, raising $8.6B in Asia's largest IPO this year, becoming the biggest China-listed company by market cap, signaling strong AI memory demand. Apple's market cap is just 2% away from $5 trillion, driven by strong earnings and buybacks, making it the second company ever to reach that milestone after Nvidia.
CXMT IPO Surges 470% in Shanghai Debut
Chinese DRAM maker CXMT skyrockets ~470% on debut, raising $8.6B in Asia's largest IPO this year, becoming the biggest China-listed company by market cap, signaling strong AI memory demand.
Apple's market cap is just 2% away from $5 trillion, driven by strong earnings and buybacks, making it the second company ever to reach that milestone after Nvidia.