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CXMT stock soars 466% on Shanghai debut after record IPO
CXMT Corp. closed its first trading session on Monday up 466%, ending at 49 yuan against its IPO price of 8.66 yuan per share, after raising 57.92 billion yuan ($8.6 billion) in the largest mainland Chinese semiconductor offering on record, according to Reuters. The debut lifted CXMT's market capitalization to 3.3 trillion yuan ($488 billion), surpassing banking giant …
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