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Asia

Global Market: CXMT's $8.6 billion IPO draws strong demand despite cooling enthusiasm for chip stocks

Markets-Economic Times · 18h ago · 🇮🇳 India

Global Market: CXMT's $8.6 billion IPO draws strong demand despite cooling enthusiasm for chip stocks

Chinese memory chipmaker CXMT Corp's IPO saw oversubscription by institutional investors. This robust demand highlights continued investor interest in China's semiconductor sector. The company's listing is expected later this month on Shanghai's STAR Market. This event will gauge investor appetite for upcoming technology listings. CXMT is a major global producer of widely used DRAM chips.

Read the full story at Markets-Economic Times →

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