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.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
SMIC (C)	26354	91.93 (-)	0.197	4.1 X
SMIC (C)	26591	83.93 (-)	0.315	3.2 X
SMIC (P)	29863	74 (-)	0.125	2.0 X
SMIC (P)	28871	62 (-)	0.090	3.3 X
SMIC (Bull)	61517	69.4 (70)	0.144	5.8 X
SMIC (Bull)	68519	67.4 (68)	0.165	5.1 X
SMIC (Bear)	62695	95.6 (95)	0.107	7.8 X
SMIC (Bear)	69954	90.6 (90)	0.065	12.9 X
HUAHO (C)	14846	255 (-)	0.211	2.5 X
HUAHO (C)	29095	200 (-)	0.485	2.6 X
HUAHO (P)	14823	142 (-)	0.115	1.7 X
HUAHO (P)	29890	108 (-)	0.073	2.5 X
HUAHO (Bull)	55813	161.2 (163)	0.088	4.6 X
HUAHO (Bull)	61755	148.2 (150)	0.112	3.6 X
HUAHO (Bear)	69318	253.8 (252)	0.098	4.1 X
HUAHO (Bear)	66844	231.8 (230)	0.054	7.5 X
GIGA (C)	29508	980 (-)	0.640	1.9 X
MU (P)	11114	400 (-)	0.330	2.4 X