Shanghai IPO

Sources: Chinese DRAM chipmaker CXMT plans a Shanghai IPO as soon as Q1 2026, targeting an up to ~$42B valuation and aiming to raise between ~$2.8B and ~$5.6B

- Firm plans Shanghai IPO in first quarter of 2026  — Aims to raise funding of 20 billion to 40 billion yuan

Sources: Chinese memory chipmaker Changxin is delaying its Shanghai IPO to await a more favorable market and could instead raise funds at a ~$19.5B valuation

Dong Cao / Bloomberg :

Shanghai-based Hua Hong Semiconductor raises ~$2.96B in its Shanghai IPO, the Asia Pacific region's largest in 2023; the company is already listed in Hong Kong

Filipe Pacheco / Bloomberg :

Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls

Financial Times :

Hua Hong Semiconductor, China's second-largest chipmaker, receives approval for a ~$2.5B Shanghai IPO and plans to use the funds to build a plant in Wuxi, China