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Sector Update: Health Care
Mar 21, 2024 8:36 PM
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China chipmaker CXMT's shares surge 470% in Shangai trading debut
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China chipmaker CXMT's shares surge 470% in Shangai trading debut
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By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) - Shares of CXMT Corp surged nearly 470% at their Shanghai debut on Monday after Asia's biggest IPO this year, catapulting the chipmaker to the top of China's stock market by valuation despite a recent selloff in global tech stocks. The stock began trading at 49.50 yuan compared to their...
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