China's CXMT soars in Shanghai trading debut
01:56 Min
Shares of CXMT closed up more than 465 per cent from their offer price in Shanghai. Retail investors were desperate to get a piece of the company, which was 212 times oversubscribed and drew more than nine million orders for over a trillion dollars worth of shares. That is more than 10 times that of SpaceX's blockbuster listing last month. Krystal Chia reports.
27 Jul 2026 09:32pm
Shares of CXMT closed up more than 465 per cent from their offer price in Shanghai. Retail investors were desperate to get a piece of the company, which was 212 times oversubscribed and drew more than nine million orders for over a trillion dollars worth of shares. That is more than 10 times that of SpaceX's blockbuster listing last month. Krystal Chia reports.
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