CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28 (Wency Chen/South China Morning Post)
Alibaba’s early CXMT bet has become a rare windfall in China’s chip sector.
CXMT’s IPO prospectus disclosed Alibaba held about 5% of the memory-chip maker. Based on CXMT’s roughly $464 billion market value at the July 28 close, that stake is now worth more than $20 billion. The report says that implies a nearly 20-fold return for Alibaba. Source: Techmeme’s note.
CXMT’s IPO prospectus disclosed Alibaba held about 5% of the memory-chip maker. Based on CXMT’s roughly $464 billion market value at the July 28 close, that stake is now worth more than $20 billion. The report says that implies a nearly 20-fold return for Alibaba. Source: Techmeme’s note.
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