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中芯国际IPO:募资200亿破科创板纪录 - 2020年06月12日
Nearly one year on, city's technology board is a star
SEMICONDUCTOR Manufacturing International Corp (SMIC), which is listed on the Hong Kong stock exchange, plans to raise 20 billion yuan (US$2.86 billion) in what will be the biggest initial public offer on Shanghai’s STAR Market.
The share sale comes as STAR is about to mark its first anniversary and as tensions between the US and China persist. The US has said it will tighten export controls on technology to China and will seek to place stiffer restrictions on Chinese companies listed there.
SMIC withdrew its listing on the New York Stock Exchange a year ago. The company makes chips used in smartphones, TVs, cameras, home appliances and the automotive industry.
