Institutional demand for CXMT's $8.6 billion Shanghai IPO dented by chip stock selloff
In a statement on Sunday, CXMT, China's top memory chipmaker, said institutional investors including mutual funds, pension funds and insurers subscribed for a total of 1.24 trillion shares, compared with 2.17 billion IPO shares on offer to them.
In a statement on Sunday, CXMT, China's top memory chipmaker, said institutional investors including mutual funds, pension funds and insurers subscribed for a total of 1.24 trillion shares, compared with 2.17 billion IPO shares on offer to them.
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