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Home›US Markets›IPOs›CXMT shares jump 466% in debut after pricing IPO at 8.…

CXMT shares jump 466% in debut after pricing IPO at 8.66 yuan

The Hefei-based chipmaker priced its IPO at 8.66 yuan per share and raised 57.92 billion yuan, according to CNBC Markets.

Reported · Written up by our desk · IPOs

Chipmaker CXMT made its market debut with a 466% surge, putting it among the top-performing listings, CNBC Markets reports.

The Hefei-based company priced its IPO at 8.66 yuan per share and raised 57.92 billion yuan, which is equivalent to $8.6 billion, the outlet said.

With that IPO proceeds figure, CXMT’s debut pop helped drive the deal’s valuation momentum on the China-listed market, CNBC added.

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Sources

CNBC MarketsChipmaker CXMT’s 466% market debut surge makes it the most valuable China-listed company
CNBC WorldChipmaker CXMT’s 466% market debut surge makes it the most valuable China-listed company

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