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CXMT soars almost 500% in mainland China's biggest IPO since 2010

7/27/2026

Almost 500% is the first-day gain Chinese chipmaker CXMT posted on market debut, a return that simultaneously marks the offering as the largest initial public offering on a mainland Chinese exchange since 2010.

Booming AI memory chip demand is the driver the source ties to the listing's scale and investor reception. The dual record Two numbers carry the story.

A nearly fivefold gain in a single session is the immediate headline.

The 2010 benchmark is the structural one: mainland IPO markets do not regularly produce offerings of this magnitude, and a deal that clears regulatory thresholds at this scale while posting that kind of opening return is a rare alignment of conditions.