China memory chipmaker CXMT sets July 27 listing for Asia's biggest IPO of 2026

Short summary

ChangXin Memory Technologies (CXMT), a leading Chinese DRAM chipmaker, plans to list on the Shanghai Stock Exchange on July 27, aiming to raise approximately $4.4 billion. The IPO would be Asia's largest this year and China's biggest semiconductor offering since 2020. Analysts expect strong AI demand to absorb the liquidity impact. Funds are earmarked for technology and production upgrades.

• •CXMT targets $4.4B IPO on Shanghai Stock Exchange, listing July 27
• •Asia's largest IPO of 2026 and China's biggest semiconductor offering since 2020
• •Funds directed toward DRAM technology and production upgrades, with AI demand cited as market support

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