SHANGHAI — CXMT Corp. shares eased 1.4 percent in the last session before China's National Day break, a quiet close for a memory-chip maker whose listing is still priced far above its offering and whose expansion plans now sit at the center of the trade.

The stock finished Wednesday, Sept. 30, at 54.79 yuan, down 0.76 yuan, or 1.37 percent, on the Shanghai STAR Market under ticker 688825. It had risen 3.25 percent to 55.55 yuan the day before. The session range was about 54.38 to 55.85 yuan, with turnover near 6.4 billion yuan. Shanghai was shut from Oct. 1 for the holiday, so Wednesday's print is the latest official close.

The dip did not change the distance from the deal price. CXMT sold shares at 8.66 yuan and began trading on July 27. The stock jumped nearly 466 percent on debut, closing at 49 yuan, in Asia's largest initial public offering of the year. The company raised 57.92 billion yuan, about $8.6 billion. First-day volume of about 141 billion yuan set an A-share record. At the debut close, the implied value of the whole company was about 3.3 trillion yuan, briefly larger than Industrial and Commercial Bank of China on that........

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