MSCI Fast-Tracks Chinese Chipmaker CXMT Into Indexes After Mega IPO

Global index compiler MSCI Inc. will fast-track CXMT Corp. (688825.SH) into its China benchmarks on Aug. 10, bypassing regular reviews following the chipmaker’s record-breaking STAR Market IPO.

Using a mega-IPO exemption, MSCI will add the Shanghai-listed stock to the MSCI China All Shares Index and its large-cap segment despite an initial free float of just 6.7% — less than half the standard 15% requirement.