{"id":93038,"date":"2026-07-08T21:31:40","date_gmt":"2026-07-09T01:31:40","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/chinese-chipmaker-cxmt-launches-4-3-billion-ipo-on-shanghai-stock-exchange\/"},"modified":"2026-07-08T21:31:40","modified_gmt":"2026-07-09T01:31:40","slug":"chinese-chipmaker-cxmt-launches-4-3-billion-ipo-on-shanghai-stock-exchange","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/chinese-chipmaker-cxmt-launches-4-3-billion-ipo-on-shanghai-stock-exchange\/","title":{"rendered":"Chinese Chipmaker CXMT Launches $4.3 Billion IPO on Shanghai Stock Exchange"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

A major Chinese memory chip manufacturer is moving forward with a massive stock market debut in Shanghai, with plans to raise billions of dollars from investors.<\/p>

Changxin Memory Technologies, known as CXMT, announced Thursday that it will kick off the book-building phase of its initial public offering on July 15. The company is targeting 29.5 billion yuan \u2014 the equivalent of approximately $4.34 billion \u2014 through the listing on the Shanghai exchange.<\/p>

According to a filing with the exchange, CXMT will open investor subscriptions on July 16, the day after book-building begins.<\/p>

The exchange rate used in the conversion was 6.8025 Chinese yuan per U.S. dollar.<\/p>","protected":false},"excerpt":{"rendered":"

Chinese memory chip manufacturer Changxin Memory Technologies (CXMT) has announced plans to begin the book-building process for its Shanghai stock market debut on July 15. The company is looking to raise approximately 29.5 billion yuan, which equals roughly $4.34 billion. Investor subscriptions will open the following day, July 16.<\/p>\n","protected":false},"author":4,"featured_media":93037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-93038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/07\/news-1783560699896.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-ocC","jetpack-related-posts":[{"id":88148,"url":"https:\/\/tvdelmarva.com\/wp\/chinese-chipmaker-cxmt-lands-3b-memory-deal-with-tencent-before-major-stock-debut\/","url_meta":{"origin":93038,"position":0},"title":"Chinese Chipmaker CXMT Lands $3B Memory Deal with Tencent Before Major Stock Debut","author":"Admin","date":"June 29, 2026","format":false,"excerpt":"Chinese memory chip manufacturer ChangXin Memory Technologies has secured a long-term supply agreement with Tencent Holdings valued at more than 20 billion yuan, roughly $2.94 billion. The deal covers multiple years of DRAM chip supply for servers, according to three anonymous sources familiar with the matter. The agreement comes just\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782717391757.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":55667,"url":"https:\/\/tvdelmarva.com\/wp\/ex-samsung-worker-gets-7-years-for-stealing-chip-secrets-for-china\/","url_meta":{"origin":93038,"position":1},"title":"Ex-Samsung Worker Gets 7 Years for Stealing Chip Secrets for China","author":"Admin","date":"April 22, 2026","format":false,"excerpt":"A South Korean court sentenced a former Samsung Electronics researcher to seven years in prison for stealing semiconductor technology and passing it to a Chinese company. 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The tech giant says skyrocketing chip costs are squeezing its finances, and it recently raised prices on iPads and MacBooks as a result. 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