CXMT IPO Priced at RMB 8.66, Eyes RMB 57.9 Billion Proceeds and RMB 579.2 Billion Valuation
CXMT (ChangXin Memory Technologies) has set its IPO price on the Shanghai STAR Market at RMB 8.66 per share, issuing 6.69 billion shares to raise approximately RMB 57.9 billion, implying a market capitalization of RMB 579.2 billion. The price corresponds to a 2025 diluted P/E ratio of 308.92 times. The online and offline subscription is scheduled for July 16. CXMT, founded in 2016, designs and manufactures DRAM memory chips for various devices.
CXMT (ChangXin Memory Technologies) has set the price for its initial public offering on the Shanghai Stock Exchange's STAR Market at RMB 8.66 per share. The company will issue 6.69 billion shares, with online and offline subscription scheduled for July 16. Based on the offer price, the implied market capitalization after listing is approximately RMB 579.2 billion. According to the company's disclosure documents, the offer price corresponds to a diluted price-to-earnings ratio of 308.92 times for 2025. CXMT was founded in 2016 and designs, develops, and manufactures DRAM chips for mobile phones, personal computers, tablets, servers, and other devices. Its product portfolio includes DDR4, DDR5, LPDDR4X, and LPDDR5X memory products.
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