According to news from BijiJie.com, ChangXin Memory plans to list on the Shanghai Stock Exchange on July 27, and will kick off bookbuilding on July 15, aiming to raise 29.5 billion yuan. If it proceeds smoothly, this will be the largest IPO in Asia this year, and the biggest semiconductor IPO in A-shares since Semiconductor Manufacturing International Corporation’s listing in 2020. ChangXin Memory is the world’s fourth-largest DRAM manufacturer, and is expected to have a market share of about 7.7% in 2025. The funds raised will be used to upgrade production lines and technology.

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MistValleyFront
· 1h ago
Does upgrading the production line really require that much money? Technological iteration definitely burns cash—we hope to improve the yield further.
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Don'tCallMeABagHolder.
· 6h ago
Global No. 4, the largest semiconductor IPO in the A-share market—this label stack is a bit too heavy.
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WatchingWhalesUnderTheNeon
· 6h ago
$29.5 billion raised—this scale is indeed massive; China’s DRAM is finally taking off.
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NeonStreetReflections
· 7h ago
A 7.7% stake may not sound like much, but by managing to snatch some of the pie from Samsung, SK hynix, and Micron, ChangXin is truly tough.
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ThinkForThreeSecondsBefore
· 7h ago
The price inquiry is underway—are we subscribing to the new IPO shares, guys? Semiconductor IPOs have the biggest highlight to watch this year.
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