CXMT’s mega IPO draws frenzy from retail investors to DeepSeek founder’s fund

ChangXin Memory Technologies (CXMT) launched a large initial public offering, drawing significant interest from retail investors like 60-year-old Luo Yi from Sichuan province and the DeepSeek founder’s fund. Luo applied for 86,000 shares despite limited knowledge of the semiconductor industry, influenced by her account manager’s advice about higher allotment rates.