Institutional demand for CXMT's $8.6 bln Shanghai IPO dented by chip stock selloff

芯片股抛售拖累 长鑫存储(CXMT)86亿美元上海IPO机构认购超500倍

By Reuters

路透社(Reuters)

July 19, 2026 5:11 PM GMT+8 Updated 14 hours ago

2026年7月19日 17:11 GMT+8，更新于14小时前

SHANGHAI/BEIJING, July 19 (Reuters) - 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.

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