POPA ReconCXMT will open investor subscriptions next week for a Shanghai IPO that could raise more than $5 billion, the biggest listing in mainland…
CXMT will open investor subscriptions next week for a Shanghai IPO that could raise more than $5 billion, the biggest listing in mainland China since 2022. The Hefei-based memory chipmaker, a rival to Samsung and SK Hynix, is offering 6.688 billion shares on the STAR Board and targeting at least 29.5 billion yuan ($4.3 billion), a deal that would also rank as Asia's largest since CATL's share sale last year. link
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