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As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week

As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week
Key Points

Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, fell by as much as 8.6 per cent in morning trade after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the...

Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, fell by as much as 8.6 per cent in morning trade after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the... [Image text:] ONLYCHINA NTBOND FUTURES FSHOREMARKET THE ONLYCH GOVERNMENT BONI INTHE OFFSHORE GEM19.78+0.26HS 209988WBABA-W124.7+7.709992 CURRE 61.90.709 B/A25939/25940HL26155/25791 S 207.2-0.6308-202113000001CKHHOLDINGS72.75
Chinese (ORG) IPO (ORG) Hong Kong (LOCATION) Suzhou Denglin Technology (ORG)
Originally published by South China Morning Post Read original →