DeepSeek Founder's Hedge Funds Secure Biggest Private Allocation in CXMT IPO
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4 Articles
(Seoul = Yonhap News) Reporter Kwon Sook-hee = As the stock price of Changxin Technology (CXMT), China's largest DRAM manufacturer, skyrocketed by over 460% on its first day of listing, local governments in eastern China...
Chip manufacturer CXMT has risen to China's second-largest group in its market debut. Beijing's plan to close the gap between economic power and stock market weight is behind the price jump. WORLD explains how investors benefit from it.
DeepSeek founder's hedge funds secure biggest private allocation in CXMT IPO
Hedge funds linked to Liang Wenfeng, the billionaire founder of DeepSeek, emerged among the biggest beneficiaries of the record-breaking initial public offering of Chinese memory chipmaker CXMT according to a report by Bloomberg. The funds reportedly received the largest allocation of shares among domestic private fund managers. The report cites industry data as showing that Liang’s investment firms – High-Flyer Quant Investment Management and H…
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Hedge funds linked to DeepSeek founder Liang Wenfeng were among the biggest beneficiaries of the blockbuster IPO of Chinese memory-chip maker CXMT. The offering generated enormous gains for early investors as CXMT's shares surged on debut, highlighting the close ties between China's AI and semicondu... Article link
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