Chinese memory maker reportedly preparing for $42 billion IPO — CXMT plans to go public in early 2026

Chinese memory maker ChangXin Memory Technologies (CXMT) is reportedly preparing to go public in the first quarter of 2026, with the company signing up China International Capital Corporation and CSC Financial, two state-owned banks, back in July to start the process. According to the South China Morning Post, CXMT aims to raise 20 to 40 billion Yuan (around US$2.8 to US$5.6 billion) from the offering. However, these details are subject to change, especially as the plan hasn’t been officially…