Business & Finance
Memory Chipmaker CXMT to Launch $4.3 Billion China IPO Next Week
Key Points
Memory Chipmaker CXMT to Launch $4.3 Billion China IPO Next Week Memory giant CXMT Corp. will open investor subscriptions for its public offering next week, kicking off the final stage in the year’s most highly anticipated listing of the year. The firm, which competes with Samsung Electronics Co. and SK Hynix Inc., is offering 6.688 billion shares in the transaction, with half earmarked for cornerstone investors. An overallotment option would increase the total offering to 6.788 billion...
Memory Chipmaker CXMT to Launch $4.3 Billion China IPO Next Week
Memory giant CXMT Corp. will open investor subscriptions for its public offering next week, kicking off the final stage in the year’s most highly anticipated listing of the year.
The firm, which competes with Samsung Electronics Co. and SK Hynix Inc., is offering 6.688 billion shares in the transaction, with half earmarked for cornerstone investors. An overallotment option would increase the total offering to 6.788 billion shares, or representing 11.3% of total shares.