Global Market: CXMT's $8.6 billion IPO draws strong retail demand, but investor caution persists
Chinese memory chipmaker CXMT's IPO attracted strong retail investor interest. The retail tranche was oversubscribed by 243.93 times, showing robust demand. This oversubscription level was lower than recent Chinese listings, reflecting investor caution. Tech shares have faced volatility amid concerns over valuations and market liquidity. State media sought to reassure investors about the offering's market impact.
