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27.05.26 - 12:12
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Memory Chip Giant CXMT Heads for China′s Biggest IPO Since 2022 (Bloomberg)
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Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that's on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout....
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21.05.26 - 16:30
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Inside YMTC′s IPO plans: How is China′s 3D NAND champion chasing capital markets? (SCMP)
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China's push for semiconductor self-reliance is hitting the capital markets.
The parent company of Yangtze Memory Technologies Co (YMTC), the nation's leading 3D NAND flash memory manufacturer, officially started the tutoring process for an initial public offering (IPO) on Tuesday, according to a filing with the China Securities Regulatory Commission. Citic Securities and China Securities are acting as tutoring institutions.
Meanwhile, its peer, ChangXin Memory Technologies (CXMT), China's......
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20.05.26 - 12:00
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Why is Chinese DRAM maker CXMT′s IPO attracting so much attention? (SCMP)
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The planned listing of ChangXin Memory Technologies (CXMT), the country's leading DRAM maker, is drawing attention after a recent update of its prospectus with a sharp earnings turnaround, showing how quickly the Hefei-based company has benefited from a global DRAM shortage and rising memory prices.
In the first quarter, its revenue reached 50.8 billion yuan (US$7.4 billion), up 719 per cent from a year earlier, while net profit was 33.0 billion yuan, compared with a loss of 2.83 billion yuan in......
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20.05.26 - 10:36
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China′s Top Numerical Control rides investor fervour for aerospace to 80% IPO gain (SCMP)
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Shares of Chinese aviation and aerospace parts supplier Shanghai Top Numerical Control Technology ended 80 per cent higher on its debut in Hong Kong on Wednesday, as investors continue to bet on the commercial aerospace sector.
Top Numerical Control opened at HK$37 per share on its first day of trading, representing a 40.2 per cent premium to the offer price of HK$26.39. It reached as high as HK$48.40 in afternoon trade, before closing at HK$47.50.
The Shanghai-based company issued 65.33 million......
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19.05.26 - 09:36
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China′s Moonshot AI moves to unwind offshore structure in IPO pursuit: sources (SCMP)
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Moonshot AI, the Chinese AI unicorn behind the popular Kimi chatbot, has informed shareholders that it intends to dismantle its offshore structure to pave the way for an initial public offering, likely in Hong Kong, according to people familiar with the matter.
The Beijing-based start-up, with assets held by a Cayman Islands parent company, has proposed a plan to remove its variable interest entity (VIE) structure. The company sought feedback from investors this week, the two sources said,......
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07.05.26 - 12:30
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Kimi developer Moonshot AI valued at US$20b as it navigates China′s new IPO rules (SCMP)
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Chinese artificial intelligence start-up Moonshot AI has raised about US$2 billion in a new funding round, boosting its valuation to more than US$20 billion as it navigates Beijing's new listing rules for companies registered overseas.
The funding was led by Meituan and involved China Mobile. Over the past six months, Moonshot had raised a total of US$3.9 billion, according to a statement by the deal's financial adviser HF Capital on Thursday.
The Beijing-based company, best known for its Kimi......
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28.04.26 - 14:36
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Chinese industrial robot maker Inovance joins Hong Kong IPO queue (SCMP)
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Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors.
Founded in 2003, Inovance is seen as a cornerstone of China's industrial automation sector. The company's shares, listed on the Shenzhen Stock Exchange since 2010, closed at 61.36 yuan on Tuesday, giving it a market capitalisation of nearly 175.3 billion yuan (US$25.6......
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27.04.26 - 06:00
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China′s solar giant Sungrow revives Hong Kong IPO plan amid rising demand for clean energy (SCMP)
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China's solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion.
The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday.
Sungrow, one of the world's largest suppliers of......
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22.04.26 - 02:30
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Hong Kong IPOs lure mainland China insurers seeking higher returns (SCMP)
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Mainland China's insurance companies have emerged as major cornerstone investors in Hong Kong initial public offerings (IPOs) as they seek higher returns and benefit from Beijing's policy support for insurers to invest in equity markets.
Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance and China Post Life Insurance were among the key players that invested more than US$250 million across about 11 IPOs so far this year, according to UBS data.
Their......
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