Nio CEO attends CXMT listing dinner as memory chipmaker becomes China's most valuable stock蔚来CEO出席长鑫存储上市答谢晚宴,存储芯片商成中国市值最高上市公司
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ChangXin Memory Technologies (CXMT), China's largest memory chipmaker, began trading on the Shanghai Stock Exchange's Star Market on Monday, July 27, 2026, closing its first day at 49.00 yuan, up 466% from its 8.66 yuan IPO price.
The debut pushed CXMT's market capitalization to 3.28 trillion yuan ($483 billion), making it China's most valuable listed company and surpassing Intel's current $466 billion market cap.
Nio invested 158 million yuan in CXMT's IPO strategic placement for a 0.27% stake under an 18-month lock-up, and CEO William Li attended the company's listing appreciation dinner in Shanghai on the evening of July 26.