Institutional demand for CXMT’s $8.6 bln Shanghai IPO dented by chip stock selloff
XMT’s IPO, Asia’s biggest this year, comes as AI chip stocks tumble over fears the boom has overheated CXMT logo and computer motherboard are seen in this illustration taken April 14, 2026. REUTERS Chinese chipmaker CXMT Corp’s $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing…