NewsMV
In the session that counted, China memory chipmaker CXMT delivered a 470% gain on its Shanghai debut.
The Hefei-based company had priced its IPO at 8.66 yuan per share, raising 57.92 billion yuan ($8.6 billion), before the open market drove shares far above the offer price within the first session.
The numbers One figure defines the debut: 470%. That is the gap between the 8.66 yuan offer price and where CXMT shares printed in their first Shanghai session.
Before any open-market trading began, the company had already drawn 57.92 billion yuan in proceeds from investors who committed at the IPO price. The dollar equivalent is $8.6 billion.
Keep reading