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Global Market: CXMT Set for July 27 Shanghai Debut in Asia's Biggest IPO of 2026
The memory-chip maker plans to use the proceeds to upgrade production lines and technologies as AI demand keeps supply tight, analysts said.
- On July 27, Anhui-based CXMT will debut on the Shanghai Stock Exchange, seeking to raise 29.5 billion yuan in Asia's largest IPO this year.
- As the world's fourth-largest DRAM maker, CXMT aims to reduce reliance on foreign suppliers, serving as Beijing's strategic hope to compete with Samsung Electronics and SK Hynix.
- ChangXin Memory Technologies Inc. priced the offering at 8.66 yuan, with strategic investors including the National Social Security Fund and PICC Property & Casualty Co. reserving half the offering.
- Nomura analyst Donnie Teng said "Memory supply is still not enough," noting that AI industry demand could help absorb the liquidity drain from this IPO.
- The Hefei-based firm plans to use proceeds to upgrade production lines and technologies, while DeepSeek may file for an IPO this year, signaling broader industry momentum.
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CXMT IPO to be China’s biggest chip listing, worth $85bn
China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Beijing has been investing billions in the construction of its semiconductor industry for years. Now, the storage chip manufacturer CXMT is aiming for the second largest IPO in the country's history.
·Düsseldorf, Germany
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Total News Sources21
Leaning Left1Leaning Right6Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 43%
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