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Market Chatter: CXMT Secures Approval for 29.5 Billion Yuan Shanghai IPO

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China's securities regulator approved the initial public offering registration of dynamic random-access memory chipmaker CXMT Corp, Xinhua News Agency reported Friday.

CXMT plans to raise 29.5 billion yuan through a listing on Shanghai's STAR Market, which would rank as the second-largest listing of the STAR Market and the largest on China's A-share market this year.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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