CXMT priced an $8.5B IPO at 308x ahead of July 27 debut, days after its sector rose 8.41% and gave it back
I spent the morning of July 14, 2026 reading the pricing release for what is now the largest Chinese semiconductor listing ever. The company priced at 8.66 yuan per share, roughly 308.9 times trailing earnings. The base deal is 6.688 …