# China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom > Source: > Published: 2026-07-09 06:49:57+00:00 # China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom Listing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market [Howard Liu](/author/howard-liu)in Beijing Chinese memory giant ChangXin Memory Technologies (CXMT) kicked off the final stage of its Shanghai listing, setting a subscription date for a share offering that is expected to raise at least 29.5 billion yuan (US$4.3 billion) and would rank as the second-largest on the tech-focused Star Market. China’s leading DRAM maker, based in Hefei in the central province of Anhui, will hold its initial price consultation on Monday and open subscriptions on July 16. [initial public offering (IPO)](https://www.scmp.com/topics/ipo?module=inline&pgtype=article)will be one of China’s most closely watched this year, as Beijing seeks to channel more capital into strategically important chip companies amid a global memory upcycle driven by [artificial intelligence](https://www.scmp.com/topics/artificial-intelligence?module=inline&pgtype=article)and data-centre demand. [semiconductor](https://www.scmp.com/topics/semiconductors?module=inline&pgtype=article)market, as measured by regional application demand, was set to grow 93 per cent in 2026 to US$812.1 billion, with computing and data-storage applications accounting for more than 60 per cent of the total, market researcher Omdia said on Tuesday. The country’s memory-chip market would grow 263 per cent in 2026 to US$449.6 billion, as AI infrastructure demand lifted storage requirements, it added. That backdrop has strengthened the investment case for CXMT, the only home-grown DRAM producer with the scale to challenge the global market leaders, Samsung Electronics and SK Hynix of Korea and US firm Micron Technology.