China memory chipmaker CXMT sets July 27 listing for Asia’s biggest IPO of 2026

China’s ChangXin Memory Technologies (CXMT) is scheduled to list on July 27 on the Shanghai Stock Exchange, two people familiar with the matter said.

The country’s top memory chipmaker said last week it will start book-building on July 15 for its initial ‌public offering on ⁠Shanghai’s ⁠Nasdaq-style STAR board as it seeks to raise 29.5 billion yuan ($4.35 billion).

The CXMT listing is set to be Asia’s largest IPO so far this year and the biggest Chinese A-share semiconductor offering since chipmaker SMIC’s market debut in 2020.