--- title: CXMT jumps 466% to top China's onshore market | daily.dev description: CXMT (ChangXin Memory Technologies) debuted on the Shanghai stock exchange with a 466% first-day surge, valuing the Chinese DRAM maker at approximately $485bn... canonical: https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: CXMT jumps 466% to top China's onshore market | daily.dev og:description: CXMT (ChangXin Memory Technologies) debuted on the Shanghai stock exchange with a 466% first-day surge, valuing the Chinese DRAM maker at approximately $485bn... og:url: https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k og:image: https://api.daily.dev/og/posts/sVGOmNR8k.png og:image:alt: CXMT jumps 466% to top China's onshore market og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # CXMT jumps 466% to top China's onshore market **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary CXMT (ChangXin Memory Technologies) debuted on the Shanghai stock exchange with a 466% first-day surge, valuing the Chinese DRAM maker at approximately $485bn — making it China's most valuable onshore-listed company, surpassing ICBC. The IPO raised $8.6bn, Asia's largest listing this year and second-largest in Chinese history. The retail tranche was 212 times oversubscribed, with 9.4 million individual orders. CXMT holds about 7.67–10% of global DRAM market share, far behind Samsung, SK Hynix, and Micron. Analyst targets diverge sharply: Nomura sets a 116 yuan target (implying 1,239% upside from IPO price), while Morningstar values it at just 14.90 yuan, citing CXMT's lack of access to EUV lithography as a key constraint. The listing reflects both genuine growth — Q1 operating profit swung from a 2.83bn yuan loss to 35.43bn yuan profit — and speculative dynamics driven by a thin float and national sentiment around semiconductor self-sufficiency. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [CXMT IPO to be China’s biggest chip listing, worth $85bn](https://daily.dev/posts/cxmt-ipo-to-be-china-s-biggest-chip-listing-worth-85bn-vos5ax02p) · The Next Web · 0 upvotes · 0 comments - [Chipmaker CXMT becomes mainland China's most valuable listed firm](https://daily.dev/posts/chipmaker-cxmt-becomes-mainland-china-s-most-valuable-listed-firm-exvpgsxbl) · Hacker News · 0 upvotes · 0 comments - [China's Leading Dram Maker Cxmt Targets $4.2 Billion Ipo As It Takes On Samsung, Sk Hynix And Micron](https://daily.dev/posts/china-s-leading-dram-maker-cxmt-targets-4-2-billion-ipo-as-it-takes-on-samsung-sk-hynix-and-micron-p67jp0sdt) · Hacker News · 0 upvotes · 0 comments - [We thought Chinese companies could save us from the DRAM crisis, but they're charging just as much as the big three](https://daily.dev/posts/we-thought-chinese-companies-could-save-us-from-the-dram-crisis-but-they-re-charging-just-as-much-a-wdezvmkqr) · XDA Developers · 0 upvotes · 0 comments --- Tags: [#gpu](https://daily.dev/tags/gpu) [View this post on daily.dev](https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"CXMT jumps 466% to top China's onshore market","url":"https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k"},"datePublished":"2026-07-27T09:56:35.041Z","dateModified":"2026-07-27T12:55:39.797Z","description":"CXMT (ChangXin Memory Technologies) debuted on the Shanghai stock exchange with a 466% first-day surge, valuing the Chinese DRAM maker at approximately $485bn...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/f97b85675b58ac8a2638e0f295d86a1b?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/f97b85675b58ac8a2638e0f295d86a1b?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/cxmt-jumps-466-to-top-china-s-onshore-market-svgomnr8k","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"gpu","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"CXMT jumps 466% to top China's onshore market"}]} ```