China memory-chip maker CXMT set for mega IPO
Subscriptions began on Thursday for shares in memory-chip maker ChangXin Memory Technologies (CXMT) ahead of its listing on Shanghai’s Star Market in what could be mainland China’s second biggest initial public offering. With pricing set at 8.66 yuan (US$1.28) per share, the IPO of nearly 6.7 billion shares will raise gross proceeds of 57.9 billion yuan (US$8.5 billion). If a 15 per cent overallotment option is fully exercised, the offering could expand to 7.7 billion shares and raise 66.6...
Record details
Published: 16 July 2026
Source: SCMP Tech (HK/CN)
Category: News
Topics: Finance, VC & PE
Retrieved: 17 July 2026
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ethics.ai (16 July 2026), “China memory-chip maker CXMT set for mega IPO,” evidence record 11278, https://ethics.ai/record/11278 (originally published by SCMP Tech (HK/CN)).
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