CXMT raises $8.6 billion in Asia's largest IPO of 2025 on market debut
ChangXin Memory Technologies (CXMT), China's largest DRAM chip manufacturer, made its stock market debut with a blockbuster IPO. The company raised 57.92 billion yuan, equivalent to approximately $8.6 billion, through the offering. This made it the biggest initial public offering in Asia so far this year. The strong market debut propelled CXMT to become China's most valuable listed company.
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