China approves IPO registration of DRAM maker CXMT for Shanghai STAR Market listing, aiming to raise $4.33 billion in what would be the second-largest IPO on the tech board.
China's securities regulator has approved the IPO registration of CXMT Corporation, the country's largest DRAM maker, for listing on the STAR Market. The company plans to raise 29.5 billion yuan (about $4.33 billion).
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