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CXMT lists on Shanghai STAR market in $8.6 billion IPO, largest A-share semiconductor offering since SMIC
CXMT listed on Shanghai's STAR market on July 27, 2026, raising 57.92 billion yuan ($8.6 billion) at 8.66 yuan per share. The offering marked the largest A-share IPO of 2026 and second-biggest STAR market listing since its 2019 launch, providing capital for DRAM and HBM fab expansion.
- Raised 57.92 billion yuan ($8.6 billion), largest A-share IPO of 2026.
- Priced at 8.66 yuan per share; 6.69 billion shares offered.
- Second-largest STAR market listing since 2019 launch.
- Capital directed to fab expansion, technology upgrades, and HBM3E production scaling.