China memory giant CXMT valued at US$85 billion in record Shanghai IPO | Black Bird Media.28) apiece, positioning the company for the largest listing by a Chinese semiconductor company on a mainland bourse. The firm, based in Hefei,">

China memory giant CXMT valued at US$85 billion in record Shanghai IPO

China’s leading memory chipmaker, ChangXin Memory Technologies (CXMT), has priced its Shanghai initial public offering at 8.66 yuan (US$1.28) apiece, positioning the company for the largest listing by a Chinese semiconductor company on a mainland bourse. The firm, based in Hefei,