Why is Chinese DRAM maker CXMT’s IPO attracting so much attention?

ChangXin Memory Technologies (CXMT), China's leading DRAM maker, is preparing for an IPO with dramatically improved financial results. The company reported Q1 revenue of 50.8 billion yuan (up 719% year-over-year) and a net profit of 33.0 billion yuan, reversing prior losses due to global DRAM shortage and rising memory prices.