Chipmaking giant CXMT's shares debuted with a massive 470% premium on Shanghai's STAR Market, catapulting the company to become China's most valuable firm. CXMT had raised ¥57.92 billion (₹82,400 crore) in Asia's biggest IPO so far this year. The market valuation of CXMT, which held global chip market's 7.67% share in 2025, has hit ¥3.3 trillion (₹47 lakh crore).