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STOCKS | CXMT Files STAR Market IPO Prospectus Seeking 29.5 Billion Yuan Raise

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2026-07-13 06:58:26
CXMT has disclosed a prospectus for a planned IPO on Shanghai’s STAR Market, targeting proceeds of 29.5 billion yuan. According to NS3.AI, the offering is set to issue 6.688 billion shares, representing about 10% of the company’s post-issuance share capital.

The prospectus also states that CXMT’s employee stock ownership plan (ESOP) covers 6,760 employees.
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