Global Market: CXMT set for July 27 Shanghai debut in Asia's biggest IPO of 2026

CXMT, the world's fourth-largest DRAM chipmaker, is set to launch its IPO on Shanghai's STAR Market on July 27, aiming to raise 29.5 billion yuan ($4.35 billion) in what is expected to be Asia's largest IPO of 2026. The Hefei-based firm, with an estimated 7.7% global DRAM market share in 2025, plans to use the proceeds to upgrade production lines and advance manufacturing technology to compete with Samsung and SK Hynix.