CXMT: The issue price is 8.66 yuan per share, subscription will take place on July 16.
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The IPO issue price of Changxin Technology, the largest domestic DRAM manufacturer, has been officially set. The company has set the issue price at 8.66 yuan/share, corresponding to a total market value after issuance of approximately 579.2 billion yuan, which is lower than the earlier market expectation