The hottest IPO of 2026 was built from other people’s rubbish bins.
ChangXin Memory Technologies, Inc. (CXMT) listed on Shanghai’s STAR Market this morning. Open: RMB 49.50 against an offer price of 8.66. Up 471.6%. Market value: RMB 3.3 trillion, straight past ICBC to the top of the A-share table. The biggest winner is the city of Hefei. Its state funds hold more than a third of … Read more