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The Economic Times
The Economic Times
Anupam Nagar

Global Market: CXMT's $8.6 billion IPO draws strong retail demand, but investor caution persists

CXMT IPO Memory China

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has attracted strong retail investor interest for its $8.6 billion initial public offering (IPO), even as the subscription level fell short of the frenzy seen in many recent Chinese listings, highlighting growing caution toward the country's technology sector, Reuters reported.

According to Reuters, CXMT's retail, or "online," tranche of the IPO was oversubscribed by 243.93 times, underscoring robust demand for what is Asia's largest IPO so far this year.

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