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China's CXMT soars in Shanghai trading debut

CNA Video 3 months ago

Description

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.