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CXMT sets IPO price at RMB8.66 per share
CXMT, a Chinese DRAM chipmaker, has set its IPO price at RMB8.66 per share for an offering of 6.69 billion shares, aiming to raise about RMB57.9 billion. Subscriptions start on July 16, and post-IPO, the company could have a market cap of around RMB579.2 billion, reflecting a 2025 P/E ratio of 308.92 times. Founded in 2016, CXMT manufactures various DDR memory products.
Key points
- CXMT sets IPO price at RMB8.66 per share.
- Company to offer 6.69 billion shares.
- Expected to raise RMB57.9 billion ($8.55 billion) before over-allotment.
- Implied post-IPO market capitalization around RMB579.2 billion.
- 2025 diluted P/E ratio projected at 308.92 times.
- CXMT founded in 2016, specializes in DRAM chips for multiple devices including smartphones and servers.
Why it matters
- Rising interest in semiconductor stocks amid global chip shortages.
- Increased investment in technology and memory sectors as demand surges with 5G and AI advancements.
- Major IPOs in tech showcasing the competitive landscape among DRAM manufacturers.
CXMT's IPO signals confidence in the semiconductor market, as the company seeks to leverage growing demand for memory products in an evolving tech environment.