Shanghai Exchange Sets May 27 Review for CXMT STAR Market IPO Application
The Shanghai Stock Exchange’s listing review committee is scheduled to examine CXMT Group’s STAR Market IPO application on May 27, setting a formal timetable for the proposed listing of the Chinese memory-chip maker. The review, disclosed on the exchange’s website, marks the latest step in what could be one of China’s largest IPOs this year.
CXMT said earlier this week that first-quarter revenue rose more than 700% from a year earlier to 50.8 billion yuan ($7.5 billion), while profit exceeded 20 billion yuan after a loss in the same period last year. The company has said it plans to raise 29.5 billion yuan, or about $4.1 billion, in Shanghai and forecast strong first-half earnings growth as memory-chip demand and prices strengthen.
From the sources (5 posts)
@businessChinese chipmaker CXMT reported soaring revenue and profit in the first quarter and forecast higher earnings ahead, bolstering its financials ahead of a high-profile IPO later this year
@sino_marketCXMT Reports Revenue Surge on Memory Boom Ahead of Potential $4.1 Billion Shanghai IPO ChangXin Memory Technologies (CXMT) reported a more than 700% year-on-year jump in first-quarter revenue to 50.8 billion yuan ($7.5 billion), with profit
@techmemeChinese chipmaker CXMT reports Q1 revenue up 719% YoY to ~$7.5B, net profit up 1,688% to $3.6B, and says Omdia ranks it No. 4 in DRAM with a 7.67% global share (@chengtingfang / Nikkei Asia) (Visit Techmeme dot com for the link and full co
@reutersChina's CXMT expects revenue to surge as memory chip demand soars
@jukan05>> CXMT’s STAR Market IPO review is scheduled for May 27 • According to a disclosure on the Shanghai Stock Exchange website, the SSE Listing Review Committee will hold its “27th Listing Review Committee Meeting of 2026” on May 27. • At th