What is CXMT and what does the company do?

CXMT is a Chinese DRAM memory chip manufacturer founded in 2016. The company develops and produces memory chips for mobile devices, PCs, servers, and other electronics, including DDR4, DDR5, LPDDR4X, and LPDDR5X standards.

How much capital is CXMT aiming to raise through its IPO?

CXMT plans to raise approximately 57.9 billion yuan (8.55 billion USD) through its IPO on the Shanghai STAR Market.

What are CXMT's prospects after the IPO?

Post-IPO, CXMT's market capitalization could reach 579.2 billion yuan. The company will continue expanding high-tech memory chip production, strengthening its position in the global semiconductor market.

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Hardware

Chinese DRAM Chip Maker CXMT Prices Shares at 8.66 Yuan for IPO

July 15, 2026

Photo: TechNode

Quick answer

Chinese DRAM chip maker CXMT successfully priced its IPO on the Shanghai STAR Market at 8.66 yuan per share, raising 57.9 billion yuan to expand its production capacity.

Chinese DRAM chip manufacturer CXMT has announced the share price for its initial public offering (IPO) on the Shanghai STAR Market. Each share is priced at 8.66 yuan, with a total of 6.69 billion shares to be issued. Share subscription will begin on July 16, both online and offline.

Preliminary estimates suggest the offering will raise approximately 57.9 billion yuan (around 8.55 billion USD), excluding potential greenshoe options. Post-IPO, CXMT's market capitalization could reach 579.2 billion yuan. According to company filings, the price-to-earnings (P/E) ratio after the offering is projected at 308.92x based on 2025 earnings.

Founded in 2016, CXMT specializes in developing and manufacturing memory chips for various devices, including smartphones, personal computers, tablets, and servers. The company's product lineup includes DDR4, DDR5, LPDDR4X, and LPDDR5X chips, widely used in modern electronics.

CXMT's listing on the STAR Market is one of the largest semiconductor IPOs in recent years, highlighting China's ambitions in developing its domestic microelectronics industry. Analysts note that a successful IPO could strengthen Chinese memory chipmakers' positions in the global market, traditionally dominated by companies from South Korea, the U.S., and Taiwan.

Common questions

What is CXMT and what does the company do?: CXMT is a Chinese DRAM memory chip manufacturer founded in 2016. The company develops and produces memory chips for mobile devices, PCs, servers, and other electronics, including DDR4, DDR5, LPDDR4X, and LPDDR5X standards.
How much capital is CXMT aiming to raise through its IPO?: CXMT plans to raise approximately 57.9 billion yuan (8.55 billion USD) through its IPO on the Shanghai STAR Market.
What are CXMT's prospects after the IPO?: Post-IPO, CXMT's market capitalization could reach 579.2 billion yuan. The company will continue expanding high-tech memory chip production, strengthening its position in the global semiconductor market.

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