CXMT receives Shanghai bourse approval for IPO on Star Market
CXMT has received approval from the Shanghai Stock Exchange for its IPO on the STAR Market, aiming to raise approximately $4.2 billion. This listing could become one of the largest in the market's history since its inception in 2019. The funds will be used to expand production capacity and enhance research and development in memory chip technology.
- ▪CXMT is targeting roughly 29.5 billion yuan, or about $4.2 billion, in proceeds from its IPO.
- ▪The company reported a year-over-year net profit increase of 1,688% in the first quarter of 2026.
- ▪The STAR Market was launched in 2019 to support China's technology sector and innovation.
- ▪CXMT's planned investment in high-bandwidth memory is significant for modern AI infrastructure.
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| Original publisher | Crypto Briefing |
| Canonical URL | https://cryptobriefing.com/cxmt-star-market-ipo-approval/ |
| Publication time | Wed, 27 May 2026 09:16:35 +0000 |
| Retrieval time | 2026-05-27T09:37:57.389Z |
| Last seen | 2026-05-27T09:37:57.389Z |
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CXMT receives Shanghai bourse approval for IPO on Star Market China's leading DRAM maker is pushing forward with what could be one of the STAR Market's largest-ever listings, targeting $4.2 billion in proceeds. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); ChangXin Memory Technologies, China’s foremost domestic DRAM manufacturer, has cleared a critical hurdle in its bid to go…
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