CXMT sets IPO price at RMB8.66 per share

CXMT priced its Shanghai STAR Market IPO at RMB8.66 per share.

The Chinese DRAM maker is offering 6.69 billion shares, with subscriptions due July 16.

The listing could raise about RMB57.9 billion before over-allotment and values CXMT at roughly RMB579.2 billion.

The filing implies a 2025 diluted P/E of 308.92 times, underscoring strong investor appetite for domestic memory-chip plays.