{"id":434725,"date":"2026-07-27T08:48:12","date_gmt":"2026-07-27T01:48:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/cxmt-scores-massive-ipo-becomes-the-most-valuable-company-in-mainland-china-434725\/"},"modified":"2026-07-27T08:48:12","modified_gmt":"2026-07-27T01:48:12","slug":"cxmt-scores-massive-ipo-becomes-the-most-valuable-company-in-mainland-china","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/cxmt-scores-massive-ipo-becomes-the-most-valuable-company-in-mainland-china-434725\/","title":{"rendered":"CXMT scores massive IPO, becomes the most-valuable company in mainland China"},"content":{"rendered":"<div>\n<p>Chipmaker fever has hit mainland China with shares of CXMT jumping about 470% in the IPO debut. That gives it a market cap set to hit 3.3 trillion yuan, or $487 billion USD.<\/p>\n<p>The DRAM maker\u00a0ChangXin Memory Technologies has been thrust into the spotlight this year as it competes with companies in Japan, South Korea and the USA. It was founded in 2016 and is now the largest company by market cap in the country. It competes with SK Hynix, Samsung and Micron, who have been among the market darlings in the past year.<\/p>\n<p>I wonder how this huge open will spill into other China stock names, perhaps kicking off a fresh round of speculation in Chinese stocks, which have languished after a rise last year.<\/p>\n<p>The ticker is\u00a0688825 and the valuation now is\u00a0extremely aggressive for a commodity-memory manufacturer, even allowing for its rapid growth and strategic importance. It&#8217;s trading at nearly 300x its 2025 earnings.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chipmaker fever has hit mainland China with shares of CXMT jumping about 470% in the IPO debut. That gives it a market cap set to hit 3.3 trillion yuan, or $487 billion&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434725","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434725"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434725\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}