At the IPO price, CXMT is valued at about 579 billion yuan ($85.5 billion) before the possible exercise of the over-allotment option, making it one of China's largest listed semiconductor companies. The company's IPO is the biggest mainland Chinese semiconductor offering on record, surpassing SMIC's $7.5 billion Shanghai share sale in 2020.

CXMT Corp raises $8.6 billion in Asia's largest IPO of 2026 ahead of its Shanghai STAR Market debut, fueled by 700% revenue growth and surging AI

CXMT raised $8.6 billion in Asia's largest 2026 IPO, becoming the biggest semiconductor listing in Chinese history ahead of its Shanghai STAR

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven…

CXMT's shares surge after raising $8.6 billion in Shanghai, highlighting China's push for self-sufficiency in memory chip technology.