The CXMT IPO has priced at $8.5bn in Shanghai, China's biggest chip listing yet, valuing the memory maker at $85bn as a US blacklist looms.

ChangXin Memory Technologies plans a significant Shanghai Stock Exchange listing on July twenty-seventh. This initial public offering aims to raise nearly four point four billion…

China's leading memory chipmaker, CXMT, is set to debut on the Shanghai Stock Exchange on July 27 after launching a 29.5 billion yuan IPO, expected to be Asia's largest this year.

Listing comes as chipmakers accelerate investment amid global semiconductor shortage

ChangXin Memory Technologies, China's leading DRAM memory chipmaker, priced its long-awaited Shanghai initial public offering on Tuesday, paving the way for subscriptions in what…