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The Nexus
BUSINESSJul 15 · 04:28 UTCSCMP CHINAHoward Liu

China memory giant CXMT valued at US$85 billion in record Shanghai IPO

ChangXin Memory Technologies (CXMT), China's leading memory chipmaker, raised 57.9 billion yuan (US$8.5 billion) in a Shanghai IPO, marking the largest listing by a Chinese semiconductor company on a mainland bourse. The offering sold nearly 6.7 billion shares at 8.66 yuan (US$1.28) each.

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ChangXin Memory TechnologiesorganizationHefeiplaceAnhui provinceplaceShanghai initial public offeringtopicChangXin Memory Technologies (CXMT)organization
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