Institutional demand for CXMT’s $8.6 billion Shanghai IPO dented by chip stock selloff
Chinese chipmaker CXMT Corp’s $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the demand was less feverish than in recent Chinese tech IPOs, reflecting caution amid a global selloff in chip stocks. Attention will now shift to CXMT’s listing expected later this … Read more
