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China’s CXMT Shares Skyrocket in Shanghai Debut, Becoming Mainland’s Most Valuable Listed Company
HONG KONG — Shares of Chinese memory chipmaker CXMT (ChangXin Memory Technologies) surged dramatically on their first day of trading in Shanghai on Monday, marking one of mainland China’s largest and most closely watched stock market debuts in recent years. Investor enthusiasm sent the company’s stock soaring as much as 472% shortly after trading began.…
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