2023-08-07 08:57:16
His name is unknown in our regions. And yet, in China, the Hua Hong group has just completed the largest IPO in the Asia Pacific region in 2023. The second largest Chinese foundry (companies that manufacture semiconductors), Hua Hong has raised nearly three billion dollars (21 billion yuan) on its IPO in Shanghai.
The company’s shares began trading on the “Star Market” – the “Chinese Nasdaq” – on Monday morning. The stock opened up 13% (at 58.88 yuan) before falling rapidly.
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