CXMT plans blockbuster Shanghai IPO in Q1 2026
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What happened: On October 21, Reuters reported that ChangXin Memory Technologies (CXMT) is planning an IPO in Shanghai as early as Q1 2026.
“[CXMT is] eyeing a valuation of up to RMB 300 billion (USD 42.12 billion).”
“[It] aims to raise between RMB 20 billion and 40 billion from the offering,...