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China Memory Champion CXMT Set to Debut After $9.8 Billion IPO

Bloomberg Technology Sunday 26 July 2026, 23:00 UTC By Bloomberg News 1 min read
Key Points

China Memory Champion CXMT Set to Debut After $9.8 Billion IPO CXMT Corp. is set to begin trading in Shanghai on Monday after raising 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history, with potential for a first-day gain that would make it the largest company in the country. The company formerly known as ChangXin Memory Technologies Corp. sold 6.688 billion shares, before an overallotment option, at 8.66 yuan apiece.

China Memory Champion CXMT Set to Debut After $9.8 Billion IPO CXMT Corp. is set to begin trading in Shanghai on Monday after raising 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history, with potential for a first-day gain that would make it the largest company in the country. The company formerly known as ChangXin Memory Technologies Corp. sold 6.688 billion shares, before an overallotment option, at 8.66 yuan apiece. Valuation multiples, a well oversubscribed IPO and shadow market bets all point in the direction of a debut pop that could boost the company’s market value several times above the initial 580 billion yuan.
China Memory Champion CXMT Set to Debut (ORG) IPO China Memory Champion CXMT Set to Debut (ORG) IPO CXMT Corp. (ORG) Shanghai (LOCATION) China (LOCATION) ChangXin Memory Technologies Corp. (ORG) IPO (ORG)
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