CXMT Goes Live on Pyth Pro With Real‑Time Data for China’s Biggest‑Ever Chip IPO

TL;DR: 

• ChangXin Memory Technologies set the price of its initial public offering at 8.66 yuan per share. 
• Total proceeds reached up to 66.6 billion yuan (approximately $9.8 billion) with the over-allotment option. 
• The retail tranche recorded during the offering accumulated a 212-fold oversubscription through 9.4 million orders.

DRAM memory manufacturer CXMT listed on Shanghai’s STAR Market in the largest initial public offering in China’s semiconductor sector. Following the milestone, oracle network Pyth Pro incorporated the asset’s financial data feed in real time into its global infrastructure.

The stock listing set a price of 8.66 yuan per share at launch. With full over-allotment, the capital raised reached 66.6 billion yuan, an amount equivalent to $9.8 billion.

Official operation data indicates that the financial volume raised doubled the company’s original target. The amount surpassed the record set by manufacturer SMIC on the STAR Market in 2020. Furthermore, Asian market data indicates it ranks as the second-largest IPO in mainland China’s history, behind only the offering made by Agricultural Bank of China in 2010.

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