ChainCatcher report, according to Jiemian News, the prospectus reveals that CXMT has implemented an employee equity incentive program of unprecedented scale in the semiconductor industry prior to its listing. Over a four-year period, the company rolled out two phases of employee stock ownership plans, granting a total of 67.6 million shares to 35% of its workforce, with a high proportion allocated to R&D and highly educated personnel. Chairman Zhu Yiming publicly committed to donating his entire allocation of 7.68 billion shares to current employees over a 10-year period following the company’s listing after 36 months, and he has also pledged not to reduce his holdings for 10 years after listing. This initiative aims to retain core talent and boost team motivation through a long-term alignment of interests during the extended period of technological catch-up. On the financial front, benefiting from the AI-driven super cycle in the memory industry, CXMT has achieved a strong turnaround and substantial growth. The company forecasts revenue of RMB 110–120 billion in the first half of 2026, representing more than a sixfold year-over-year increase; attributable net profit is expected to reach RMB 50–57 billion. Previous report: According to ChainCatcher and the Shanghai Stock Exchange website, China’s leading memory manufacturer CXMT disclosed its IPO prospectus and “Arrangements for Issuance and Initial Inquiry Announcement” on July 9, officially launching its STAR Market IPO process. The announcement states that the offline and online subscription dates for new shares will both be July 16, 2026. CXMT’s securities code/offline subscription code is “688825,” and the online subscription code is “787825.” The company plans to issue approximately 6.688 billion new shares (before exercise of the over-allotment option), while granting China International Capital Corporation (CICC) an over-allotment option of up to 15% of the initial offering size; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion.
CX Technology to Offer Equity Incentives to 6,760 Employees Ahead of IPO on July 16
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Summary
CX Technology will grant equity incentives to 6,760 employees, or 35% of its workforce, ahead of its July 16 IPO. On-chain news reveals the company plans to distribute 7.68 billion shares free of charge over 10 years. The firm aims to raise up to 76.91 billion shares in its public offering, including an over-allotment option. This move aligns with industry trends showing increasing adoption of employee equity in the semiconductor sector.
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