China's ChangXin Memory Technologies sets July 27 listing date, sources say

ChangXin Memory Technologies (CXMT), China's leading DRAM maker with 7.7% global market share, is listing on Shanghai Stock Exchange on 27 July, raising 29.5 billion yuan ($4.35 billion) in Asia's largest IPO this year. The listing proceeds will fund production-line upgrades as CXMT seeks to close the technology gap with Samsung and SK Hynix amid sustained AI-driven demand for memory chips.

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