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DeepSeek founder-linked hedge funds land top allocation in CXMT IPO

Reported · Written up by our desk · Fund Industry

Hedge funds linked to Liang Wenfeng, the billionaire founder of DeepSeek, secured a major private allocation in the initial public offering of Chinese memory chipmaker CXMT, according to a Bloomberg report cited by Hedgeweek.

The report says the allocations made these funds among the biggest beneficiaries of the IPO, which was described as record-breaking.

CXMT is a Chinese memory chipmaker, and the IPO generated outsized demand that helped drive the record for the deal.

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Sources

HedgeweekDeepSeek founder’s hedge funds secure biggest private allocation in CXMT IPO

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