CXMT’s 466% IPO Pop Gives Apple (AAPL) Leverage. Why Micron (MU) Investors Should Stay Patient
Reported by Yahoo Finance · finance.yahoo.com · August 3, 2026
CXMT closed its first day of trading at 49 yuan on July 27, 466% above its 8.66-yuan offer price. The Chinese DRAM maker raised about $8.6 billion in Asia’s largest IPO this year, ending the session valued at roughly $488 billion. With only 6.73% freely tradable, the small float could magnify price swings. The listing […]
What the tape says
What to watch: Apple Inc. (AAPL, MU) is involved in an IPO — early pricing and the lockup expiration date matter more than day-one performance.
Market reaction today: $AAPL +0.32%
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