CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […]
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