Home › Chinese chipmaker Semiconductor Manufacturing International planning IPO worth up to USD 7.5 bln
 

Keywords :   


Chinese chipmaker Semiconductor Manufacturing International planning IPO worth up to USD 7.5 bln

2020-07-06 13:13:00| Telecompaper Headlines

(Telecompaper) Chinese chipmaker Semiconductor Manufacturing International (SMIC) is planning an initial public offering that could be worth USD 6.55-7.5 billion, the Wall Street Journal reported. SMIC hopes to sell 1.69 billion new shares at CNY 27.46 (USD 3.89) per unit, and list them on the Shanghai Stock Exchange's Science and Technology Innovation Board, or Star Market.The company said the offering could be increased by a greenshoe of 15 percent. That would take the deal's size to about USD 7.5 billion.

Tags: international planning chinese worth

Category:Telecommunications

Latest from this category

All news
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
01.12How Kiro AI Agents Accelerate Development from Modernization to Cloud Migration Analysis
Telecommunications »
14.12Train timetable revamp takes effect with more services promised
14.12Tories to scrap petrol car ban if they win next election
14.12Brixton Soup Kitchen prepares for busy Christmas
14.12Supermarket skincare dupes could save you hundreds. But do budget beauty products work?
14.12'A nightmare' - The battle over Warner Bros is turning Hollywood upside down
13.12This Week in Agribusiness, December 13, 2025
13.12This Week in Agribusiness, December 13, 2025
13.12No 10 says it backs pubs as landlords bar Labour MPs in tax protest
More »