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CXMT Becomes Mainland China’s Most Valuable Company After 466% Debut

By Bernard Lee4 min read

Shanghai, 30 July 2026 – CXMT Corporation has become mainland China’s most valuable listed company following a spectacular Shanghai debut, but its extraordinary market valuation stands in sharp contrast to a global memory-chip position that remains well behind the industry’s established leaders.

Shares of the Chinese dynamic random-access memory manufacturer closed at 49 yuan on their first trading day, rising 465.8% from the initial public offering price of 8.66 yuan.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.