Latest development3 months ago
China's CXMT to Debut in Shanghai Following Record $8.6B IPO
The memory chipmaker raised 57.92 billion yuan to bolster China's domestic semiconductor sector, with trading set to begin on July 27.
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Chinese memory chipmaker ChangXin Memory Technologies (CXMT) is set to begin trading in Shanghai on July 27 after raising 57.92 billion yuan ($8.6 billion) in Asia's largest IPO so far this year. The offering was highly successful, with institutional demand oversubscribing the available shares by more than 500 times. Despite the strong figures, investor appetite was more tempered than other recent Chinese tech listings, reflecting broader global caution regarding semiconductor stocks.
The memory chipmaker raised 57.92 billion yuan to bolster China's domestic semiconductor sector, with trading set to begin on July 27.
Read the full storyChinese chipmaker CXMT's $8.6 billion IPO saw 500x oversubscription, yet institutional demand cooled relative to previous tech listings amid a broader semiconductor downturn.
ChangXin Memory Technologies (CXMT) prepares for its public debut on July 27 to raise capital and expand its footprint in the global semiconductor market.