China's Changxin Memory Technology (CXMT), the world's fourth largest DRAM company, set its public offering price at 8.66 yuan (about 1,900 won) per share ahead of its listing. CXMT's initially planned financing amount was 29.5 billion yuan (about 6.5 trillion won), but the actual amount raised is expected to reach 66.6 billion yuan (about 14.6 trillion won), which is 2.3 times more. Thanks to the large-scale funding, the ammunition that CXMT can pour into the development of memory semiconductor technology is expected to increase. Some predict that CXMT will be able to significantly shake up the DRAM market, which has been dominated by three global memory companies, including Samsung Electronics, SK Hynix, and Micron.● CXMT, which has raised large amounts of funds, is expected to more than double its DRAM market share. According to the industry on the 15th, CXMT is scheduled to be listed on the Shanghai Stock Exchange on the 27th of this month. Subscriptions will begin on the 16th, and the expected amount of financing is 14.6 trillion won, the second in Chinese history following the Agricultural Bank of China ($22.1 billion) IPO in 2010.