Changxin, known as the Chinese version of SK Hynix, has confirmed it will start its IPO next Thursday, July 16. This time, it plans to raise as much as 29.5 billion RMB, setting a record for the highest fundraising amount on China's STAR Market IPO. According to data, the company has an accumulated loss of 36.6 billion RMB and is referred to in the English-speaking community as the 'memory price killer.'