CXMT IPO Channels Capital to Samsung, SK Hynix on 5 Trillion Yuan Valuation Target
Chinese memory chipmaker CXMT lists on the Shanghai stock exchange tomorrow, with analysts and traders projecting a first-day market capitalization of 5 trillion yuan. The elevated valuation benchmark is expected to dictate pricing multiples for the wider memory chip sector.
Chinese funds have rotated capital out of South Korean equities to participate in the offering, contributing to a pullback in Seoul. Korean sell-side analysts note that a premium debut for the chipmaker will trigger a higher re-rating for Samsung and SK Hynix, though traders caution that regional investment flows could remain under pressure in the short term.
From the sources (19 posts)
@mtsliveSITUATION EXPLAINED: CXMT confirmed to IPO July 27, valued at $85 billion, Asia's biggest listing this year. • ChangXin Memory Technologies (CXMT) priced its Shanghai STAR Market IPO at 8.66 yuan a share, raising $8.6 billion, an implied v
@pequityresearchMajor news on CXMT & YMTC all at once. 1. CXMT plans expansion that may more than double monthly wafer output 2. CXMT inks five-year ByteDance supply agreement valued over $7 billion. 3. Trump administration split on additional limits
@financialjuiceCXMT inks five-year ByteDance supply agreement valued over $7 billion: sources
@financialjuiceCXMT plans expansion that may more than double monthly wafer output: sources
@businessInvestors are looking to Monday’s trading debut of CXMT to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s IPO
@cnbcChina's largest memory chipmaker sparks fears of a cash drain before blockbuster IPO
@teortaxestexLmao I think this isn't just about CXMT's strength (which is obvious given their near monopoly position). It's that Huawei has competitors. it's not clear they "deserve" chips more than half a dozen other supernode vendors.
@reutersThe global buildout of AI data centers has transformed memory chips into one of the world's most sought-after products, sparking battles over pricing and a scramble for supply. China’s chip makers are now picking clients and dictating price
@reutersbizThe global buildout of AI data centers has transformed memory chips into one of the world's most sought-after products, sparking battles over pricing and a scramble for supply. China’s chip makers are now picking clients and dictating price
@reutersChina’s memory chip makers ride AI boom to new power — and U.S. scrutiny
@wallstengineCHINESE MEMORY IS NO LONGER THE CHEAP ALTERNATIVE China’s largest DRAM maker, CXMT, is reportedly charging more than Samsung’s roughly $1,240 price for comparable 64GB DDR5 server memory modules. CXMT spent years competing as a cheaper, s
@wallstengineReuters: For months, Chinese chip manufacturer, CXMT had been hiking prices on Huawei, one of the country’s biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people
@stocksavvyshayChina’s largest DRAM maker CXMT is reportedly charging more than Samsung for comparable 64GB DDR5 server memory. The company has also secured over $10B in long-term deals with ByteDance and Tencent as AI demand tightens supply. https://t.c
@reutersHow the 'twin stars' of China, CXMT and YMTC, changed the chip game
@jukan05Advance notice: CXMT is going public tomorrow.
@jukan05@psyduckcapital I wouldn’t be surprised if it hits a 5 trillion RMB valuation on its first day of trading.
@jukan05@psyduckcapital They say the Korean stock market fell on Friday because Chinese funds sold stocks to participate in the CXMT IPO. We’ll have to wait and see whether it falls again tomorrow.
@jukan05@zephyr_z9 Korean sell-side analysts say that if CXMT commands a high valuation, Samsung and SK Hynix will also be rerated higher—but we’ll see.
@zephyr_z9@jukan05 i also believe this, but in the short term, flows will go down