CXMT is poised for a debut pop that could lift its market cap several times above its initial ~$85B after raising $9.8B in a hugely oversubscribed Shanghai IPO (Bloomberg)
CXMT’s IPO demand is already pricing in a much bigger public valuation.
Techmeme’s note says CXMT raised $9.8 billion in a heavily oversubscribed Shanghai listing. Bloomberg’s item frames the setup as a memory-chip trade with expectations for a sharp first-day jump. That jump could put the company’s market value several times above the roughly $85 billion starting point. Techmeme’s note
Techmeme’s note says CXMT raised $9.8 billion in a heavily oversubscribed Shanghai listing. Bloomberg’s item frames the setup as a memory-chip trade with expectations for a sharp first-day jump. That jump could put the company’s market value several times above the roughly $85 billion starting point. Techmeme’s note
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