CXMT to Raise $4.3 Billion in China's Biggest IPO Since 2022

Memory chip giant CXMT Corp. is launching China's largest IPO since 2022, aiming to raise $4.3 billion. The company, which competes with Samsung and SK Hynix, will offer 6.688 billion shares in the year's most anticipated listing. Subscriptions open next week, with an overallotment option to increase the offering to 7.69 billion shares, representing 11.3% of the company's stock.

CXMT public offering details

• ▪CXMT Corp. is offering 6.688 billion shares in its public offering, with half earmarked for cornerstone investors
• ▪An overallotment option could increase CXMT Corp.'s total offering to 7.69 billion shares, representing 11.3% of its total stock
• ▪Investor subscriptions for the CXMT Corp. public offering will open in the week following July 9, 2026

Market competition context

• ▪CXMT Corp. is a memory chip manufacturer described as a memory giant
• ▪CXMT Corp. competes with established firms Samsung Electronics Co. and SK Hynix Inc.

China IPO market significance

• ▪The CXMT Corp. IPO is set to be China's largest since 2022 and the country's most anticipated listing of the year
• ▪CXMT Corp. aims to raise $4.3 billion in its initial public offering