Chinese Memory Chipmaker CXMT Secures Shanghai Approval for IPO That Could Raise More Than $5 Billion
Chinese memory chipmaker CXMT cleared the Shanghai Stock Exchange's listing review for an initial public offering on the STAR Board, securing approval for a deal that could raise more than $5 billion. That would make it mainland China's biggest IPO since 2022.
The STAR Board is Shanghai's Nasdaq-like market, and the transaction could rank as China's top IPO in 2026.
From the sources (4 posts)
@firstsquawkCHINESE CHIPMAKER CXMT GETS SHANGHAI BOURSE'S APPROVAL FOR IPO
@businessMemory giant CXMT got approval for an IPO that could raise more than $5 billion, the biggest in mainland China since 2022
@zerohedgeCHINESE CHIPMAKER CXMT GETS SHANGHAI BOURSE'S APPROVAL FOR IPO
@techmemeThe Shanghai Stock Exchange says memory maker CXMT cleared a listing review for the exchange's Nasdaq-like STAR Board, in what could be China's top IPO in 2026 (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)