CXMT prices record Shanghai IPO, valuing Chinese memory chipmaker at about $85 billion

Experts say shortages are forcing companies to explore Chinese chip supplies, yet adoption is still likely to be selective and politically contested.

It was mainland China's second largest IPO after the $22.1 billion share offering of Agricultural Bank of China in Shanghai and Hong Kong in 2010.

The China-based memory firm ChangXin Memory Technologies (CXMT) had a massive first day on the Shanghai stock exchange after its shares surged 466 percent, as reported earlier by The Wall Street Journal and CNBC. The stock market frenzy boosted CXMT's valuation to $484 billion, making it the most valuable Chinese company listed on the exchange. […]

Shares of ChangXin Memory Technologies (CXMT) could more than double from Monday’s close as the Chinese chipmaker expands its global dynamic random-access memory (DRAM) market share to 18 per cent by 2028, according to Nomura, which set a price target of 116 yuan. The listing of CXMT, the country’s top maker of DRAM chips, sparked investor momentum as its shares surged 466 per cent to close at 49 yuan. It has become the most valuable company listed on the mainland Chinese market. Its market cap...

Forget SpaceX: This Chinese chip stock is going to the moon. ChangXin Memory Technologies, or CXMT, recently went public on the Shanghai Stock Exchange’s tech-focused STAR Market (a China-based equivalent to the Nasdaq exchange), and has quickly shot up the charts. On its initial day of trading, it shot up almost 466%, becoming the most valuable company on the exchange, and accrued a market capitalization of around $487 billion. Despite many people only now learning its name, CXMT was founded a decade ago, in 2016, and has grown from a startup into a budding global player in the microchip industry.  AI-driven demand for memory chips CXMT’s growth in the more immediate term is likely associated with the huge demand for chips and memory related to the proliferation of AI—and additionally, as China looks to create and foster more domestic chipmakers. That’s in part because the U.S. federal government has instituted export controls and rules concerning semiconductors and similar technology being sold or otherwise sent to China. Currently, large-scale AI data center infrastructure buildouts are fueling most of the demand, and with it, demand for dynamic random access memory chips (or “DRAM”) is up. Prices are likewise up, and that’s spilled over into the market, with investors gobbling up chipmaker stocks and sending some companies to valuations of more than $1 trillion. Committing to memory That includes American memory chip company Micron Technology (Nasdaq: MU). While its shares have been volatile recently, the stock is up more than 727% over the last 12 months. CXMT’s post-IPO rise puts it in the conversation, but it’s still much smaller than other large chipmakers, such as South Korea’s Samsung Electronics and SK Hynix, the latter of which went public in the United States earlier this month. CXMT’s prospectus states that the company holds approximately 8% of the global market share in the chipmaking space, with Samsung accounting for 36%, SK Hynix at 29%, and Micron at 24%. Notably, CXMT’s share has grown around 3% over the past year, so the company is making more than just waves in the stock markets.  Even so, the company’s huge surge in the markets doesn’t mean it’s in the same strata as those competitors, experts say. “It’s going to be a steep hill to climb for CXMT in the high-bandwidth memory market,” said Neil Shah, vice president of research for Counterpoint Research.

The maker of dynamic RAM chips is valued at about US$488 billion

The Chinese memory chipmaker raised $8.6 billion in Asia's biggest IPO this year, vaulting it past ICBC as China's most valuable listed company

Shares of CXMT, China's largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China's biggest initial public stock offering in recent years.

HONG KONG (AP) - Shares of CXMT, China's largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China's biggest initial public stock offering in recent years. CXMT's shares surged 466% in their first day of trading. The company has become the most valuable one listed on a mainland Chinese exchange, with an estimated market capitalization of about 3.3 trillion yuan (more t

China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 trillion yuan, or about $485bn. The numbers are hard to overstate. CXMT priced […] This story continues at The Next Web

ChangXin Memory Technologies or CXMT, China's largest manufacturer of DRAM chips, raised 57.92 billion yuan ($8.6 billion) through Asia's biggest initial public offering this year.

ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, raised RMB57.92 billion ($8.6 billion) in its Shanghai STAR Market IPO on July 27, in what became the largest mainland semiconductor offering on record. By the midday break, its shares had risen 531% from the IPO price, pushing its market value to RMB3.66 trillion and making it […]

Shares of CXMT, China's largest memory chipmaker, soared on Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years.

China’s DRAM chipmaker ChangXin Memory Technologies (CXMT) stunned markets with a more than 500% surge on its Shanghai debut, becoming the country’s most valuable listed company and marking a major milestone in Beijing’s quest for semiconductor self-reliance.

CXMT, or ChangXin Memory Technologies, raised at least $8.6 billion with the offering, priced at 8.66 yuan ($1.3) per share

Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years

China’s memory-chip bellwether CXMT Corp. can extend its blockbuster stock market debut to rally 1,239% from its initial public offering price as it wins market share over time, according to Nomura Holdings Inc.

Changxin Technology Group shares experienced a significant surge on their stock market debut. The company completed Asia's largest initial public offering this year, raising substantial funds. This strong performance highlights growing investor confidence in China's semiconductor industry. CXMT is expanding its memory chip business and is positioned for future growth. The company's debut also follows reports of Apple testing its DRAM chips.

The robust debut came after the company raised as much as 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China's history.

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

IPO is biggest in mainland since 2010 and reflects booming demand for AI memory chips

Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489 billion). The Hefei-based company opened at 49.50 yuan on the Star Market on Monday morning, compared with its initial public offering (IPO) price of 8.66 yuan. The size of the closely watched offering, up to 66.6 billion yuan, is set to surpass the 53.2...

Investor excitement over the memory chip trade is setting outsize expectations for the Shanghai debut of CXMT Corp., which is on the brink of making history after a near-record initial public offering.

China's ChangXin Memory Technologies plans an $8.6 billion Shanghai IPO. Investors are selling other tech shares to fund this highly anticipated listing. This move is creating fears of a short-term liquidity squeeze in the market. Experts believe CXMT's listing will significantly impact semiconductor indices. However, other factors also contribute to the current weakness in Chinese tech stocks.

CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.

Investors are looking to Monday’s trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s initial public offering.

More than 9.4 million investor accounts applied for shares in the blockbuster initial public offering (IPO) of ChangXin Memory Technologies (CXMT), with retail demand reaching about 212 times the shares initially available online. Investors submitted valid applications for nearly 817 billion shares on Thursday, according to an official announcement published Thursday night. The response highlights the intense appetite for China’s leading producer of dynamic random-access memory, or DRAM, as...

The marquee listing of CXMT Corp. ignited a rush among retail investors as China’s homegrown memory giant opened books for an initial public offering to raise $9.8 billion, the second-largest in the nation’s history.

Subscriptions began on Thursday for shares in memory-chip maker ChangXin Memory Technologies (CXMT) ahead of its listing on Shanghai’s Star Market in what could be mainland China’s second biggest initial public offering. With pricing set at 8.66 yuan (US$1.28) per share, the IPO of nearly 6.7 billion shares will raise gross proceeds of 57.9 billion yuan (US$8.5 billion). If a 15 per cent overallotment option is fully exercised, the offering could expand to 7.7 billion shares and raise 66.6...

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 […] This story continues at The Next Web

The Anhui-based company said Tuesday it would raise at least 57.9 billion yuan (US$8.6 billion) in a share sale and listing on the Shanghai Stock Exchange.

China’s drive for semiconductor self-sufficiency is reaching a milestone as memory chipmaker CXMT Corp. launches a near-record initial public offering.

China’s leading memory chipmaker, ChangXin Memory Technologies (CXMT), has priced its Shanghai initial public offering at 8.66 yuan (US$1.28) apiece, positioning the company for the largest listing by a Chinese semiconductor company on a mainland bourse. The firm, based in Hefei, Anhui province, is expected to raise gross proceeds of 57.9 billion yuan (US$8.5 billion) from the sale of nearly 6.7 billion shares, according to an offering announcement released on Tuesday. The shares represent 10...

CXMT, a Chinese DRAM chipmaker, has set the price of its Shanghai STAR Market IPO at RMB8.66 per share. The company will offer 6.69 billion shares, with online and offline subscriptions scheduled for July 16. The offering is expected to raise about RMB57.9 billion ($8.55 billion) before any over-allotment option, giving CXMT an implied post-IPO […]

Chinese memory giant CXMT Corp. unveiled the terms of its initial public offering.

When ChangXin Memory Technologies (CXMT) – China’s attempt to build a home-grown rival to the world’s top makers of memory chips – kicked off one of the country’s most anticipated initial public offerings (IPOs) of 2026 last week, the spotlight fell on its founder Zhu Yiming. The Shanghai offering, set to start taking subscriptions on Thursday, aims to raise 29.5 billion yuan (US$4.4 billion). And some analysts predict that CXMT could eventually command a market value of 3 trillion yuan, placing...

ChangXin Memory Technologies, or CXMT, has started the issuance process for its STAR Market IPO, with subscriptions scheduled for July 16. The Chinese DRAM maker plans to raise RMB29.5 billion. CXMT is China’s largest DRAM producer and one of the country’s most important memory chip companies, in a market still dominated globally by Samsung, SK […]

Chinese memory giant ChangXin Memory Technologies (CXMT) kicked off the final stage of its Shanghai listing, setting a subscription date for a share offering that is expected to raise at least 29.5 billion yuan (US$4.3 billion) and would rank as the second-largest on the tech-focused Star Market. China’s leading DRAM maker, based in Hefei in the central province of Anhui, will hold its initial price consultation on Monday and open subscriptions on July 16. The initial public offering (IPO) will...

As China’s leading DRAM maker ChangXin Memory Technologies (CXMT) prepares for its expected 29.5 billion yuan (US$4.3 billion) Shanghai Star Market listing, the critical question facing investors is whether the firm can convert its cyclical windfall into permanent industry leadership. The Hefei-based chipmaker enters the market at a uniquely lucrative moment: a global memory shortage driven by surging artificial intelligence computing demand has triggered a massive upcycle in pricing, delivering...