CXMT (688825.SH), the world's fourth-largest DRAM manufacturer, has officially kicked off its STAR Market IPO issuance process. The company plans to publicly issue 6.688 billion shares before the exercise of the over-allotment option, representing approximately 10% of the company's total share capital after the offering.

The initial strategic placement will involve 3.344 billion shares, accounting for 50% of the offering size and approximately 43.48% of the total shares to be issued after full exercise of the over-allotment option.

CXMT is projected to begin IPO subscription next Thursday (16th). The IPO is set to raise at least RMB29.5 billion, marking a record-high fundraising size for a STAR Market IPO.

CXMT expects revenue for 1H to range from RMB110 billion to RMB120 billion, representing a YoY upsurge of 612.53-677.31%. Net profit attributable to the parent company is expected to range from RMB50 billion to RMB57 billion, surging 2,244.03-2,544.19% YoY.
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AASTOCKS Financial News
Website: www.aastocks.com

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