Chinese foundry Nexchip, listed in Hong Kong, raised1trillion3,400billion won
Nexchip7month 10day was listed on the Hong Kong stock market and raised69million8,000thousand Hong Kong dollars (about 1trillion3,400billion won) through its IPO. The offering price was 32.30Hong Kong dollars, and its market capitalization was 716billion Hong Kong dollars (13trillion7,430billion won).
Nexchip7month 10day was listed on the Hong Kong stock market.
Through the IPO and new share issuance, it raised69million8,000thousand Hong Kong dollars (about 1trillion3,400billion won).
The first trading opened at 36Hong Kong dollars.
The offering price was 32.30Hong Kong dollars.
During trading, it fell to 31.80Hong Kong dollars before closing at the same level as the offering price, 32.30Hong Kong dollars.
The market capitalization was 716billion Hong Kong dollars (13trillion 7,430billion won)
Nexchip’s main products are mature-process semiconductors at or above the 40nanometer node. In about 10years since its founding, it has grown into a top-tier foundry globally.
The funds raised are planned to be used to strengthen core technology R&D capabilities, expand production capacity, make strategic investments and acquisitions across the industrial chain, and broaden overseas sales and service networks.
It also plans to use the funds for development of a next-generation 22nanometer process platform, building AI-based R&D and production systems, and establishing R&D and sales centers in Hong Kong.
Market research firm Frost & Sullivan said that Nexchip 2020~2025 was ranked among the world’s 10foundries for the highest growth in production capacity and revenue, and was also rated 2025in the world by revenue in 9."
Sources: 뉴시스 경제
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