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CXMT Plans $4.2 Billion IPO to Boost Tech Self-Reliance

12/31/2025

Summary

Story summary

CXMT Corporation (CXMT), the parent company of ChangXin Memory Technologies, plans to raise 29.5 billion yuan ($4.2 billion) via an IPO on the Shanghai Star Market after the Shanghai Stock Exchange accepted its listing.
The IPO would be Star Market's second-largest listing since its 2019 inception, behind Semiconductor Manufacturing International Corporation's 2020 listing.
The move underscores China's push for tech self-reliance and marks CXMT as the country’s largest DRAM manufacturer.

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Story summary

CXMT Corporation (CXMT), the parent company of ChangXin Memory Technologies, plans to raise 29.5 billion yuan ($4.2 billion) via an IPO on the Shanghai Star Market after the Shanghai Stock Exchange accepted its listing.
The IPO would be Star Market's second-largest listing since its 2019 inception, behind Semiconductor Manufacturing International Corporation's 2020 listing.
The move underscores China's push for tech self-reliance and marks CXMT as the country’s largest DRAM manufacturer.