Integrated circuits on a circuit board. The semiconductor industry has been in focus during the trade war between the United States and China. filming | E + | fake pictures SMIC, China’s largest chip maker, saw its shares rise 245% at the opening on its first day of trading in …
Read More »Billionaire Bill Ackman Raises Acquisition Company’s IPO Target To Record $ 4 Billion
Bill Ackman’s special-purpose acquisition company Pershing Square Tontine Holdings raised its IPO target to $ 4 billion from $ 3 billion, according to a regulatory filing Monday. SPAC now aims to go public with 200 million units at a price of $ 20 each. The new goal should set a …
Read More »Chinese chipmaker SMIC to raise $ 6.55 billion in Shanghai share sale
BEIJING (Reuters) – China’s Semiconductor Manufacturing International Corp (SMIC) (0981.HK) Will Raise 46.29 Billion Yuan ($ 6.55 Billion) In A Shanghai Stock Sale, More Than Double Its Initial Target, Pricing Its Offering After An Increase In Its Hong Kong Listed Stocks . The company, which had originally tried to raise …
Read More »IPOs in Hong Kong and Shanghai jump amid pandemic and tensions
The Hong Kong Exchange Building. Vincent Isore | IP3 | fake pictures Initial public offerings (IPOs) in Greater China increased in the first half of this year, offsetting declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in Greater China increased by …
Read More »Tech’s IPOs are being underestimated as Lemonade and Agora double their debut
Technology is moving at high speed during the coronavirus pandemic, but the IPO process is stagnant. For the second week in a row, a technology company has more than doubled its value in its stock market debut. Last week, it was Chinese cloud software developer Agora, which increased 150% on …
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