CXMT raises 66.6 billion yuan ahead of blockbuster Shanghai debut
What's new: Investor demand hit 212 times the retail allotment, fueling bets the chipmaker could surge far above its 580 billion yuan IPO valuation.
Bloomberg, BBC News (World) +3
Subject
#Changxin Memory Technologies
Earlier: CXMT nears record Shanghai debut after $9.8 billion IPOSeries: Cxmt · Shanghai IPO Debut · 2 chapters since Jul 26
CXMT nears $9.8 billion Shanghai debut as DRAM frenzy lifts valuation
What's new: The IPO was 212 times oversubscribed, putting China’s top memory-chip bet on track to become its biggest listed company on debut.
Pentagon puts Alibaba, Baidu and BYD back on China military list
Why it matters: The 1260H label can block Pentagon contracts and research funds and often foreshadows tougher US trade curbs.
BBC News (US & Canada), Bloomberg +5