China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO
Shares of CXMT Corp are set to start trading in Shanghai on Monday after Asia’s biggest IPO this year, putting the Chinese chipmaker’s $85.5 billion market value and likely heavy turnover in focus after a sharp pullback in tech shares.
The debut will give investors a gauge of how much they are willing to pay for a marquee Chinese chip firm, as local markets navigate volatility following an AI-led selloff, and money rotates between high-growth technology names and safer sectors.
