CXMT’s Blockbuster IPO 212 Times Covered for Retail Investors
THE SO WHAT
CXMT’s $9.8B IPO being 212x covered by retail shows domestic Chinese capital is eager to underwrite a homegrown memory champion—semis are becoming national projects, not just global supply nodes. If you depend on foreign DRAM and NAND, assume more of that capacity will be politically steered and less price-elastic over time.
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