Chinese Memory Chip Leader CXMT to Launch $85 Billion IPO

China’s largest memory chip manufacturer, ChangXin Memory Technologies (CXMT), is set to go public in what will be the country’s biggest chip listing to date. The Shanghai IPO is priced at 8.66 yuan ($1.28) per share, with the offering expected to raise approximately 57.9 billion yuan, or $8.5 billion.…

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