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Caixin Global
Caixin Global

The Week Ahead (July 27-Aug. 2): CXMT Set for STAR Market Debut in Board’s Largest IPO

CXMT IPO Zhongji Innolight Hong Kong OPEC

July 27: CXMT debuts on the STAR Market

Domestic DRAM leader ChangXin Memory Technologies (CXMT) will officially list on the Shanghai Stock Exchange’s STAR Market. Raising roughly 57.9 billion yuan ($8.6 billion) at 8.66 yuan a share, it will become the largest IPO in the board’s history, valuing the company at approximately 580 billion yuan.

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