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 raised $9.8B in an oversubscribed Shanghai IPO, strengthening China’s domestic memory supply chain amid AI hardware demand.
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<a href="https://www.bloomberg.com/news/articles/2026-07-26/memory-frenzy-primes-china-champion-cxmt-for-historic-debut"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260726/i2.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260726/p2#a260726p2" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-07-26/memory-frenzy-primes-china-champion-cxmt-for-historic-debut">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</a></b></span> — Investor excitement over the memory chip trade is setting outsize expectations for the Shanghai debut of CXMT Corp. … </p>
Read at source: https://www.techmeme.com/260726/p2#a260726p2