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

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