Wafer thin demand for CSMC

Chinese chipmaker finally completes IPO.

CSMC Technologies completed a 621 million share deal on Friday, raising HK$310.5 million $39.8 million after pricing the offering at the bottom of its HK$0.50 to HK$0.54 indicative range. Citigroup was lead manager of the deal, which may get bumped up to HK$357.07 million $45.7 million if the greenshoe is exercised.

The IPO had been re-launched one week earlier after failing to clear the market in June when investors refused to support...

To continue reading, please login or register for free

Click for more on: wafer | thin | demand | csmc

Print Edition

FinanceAsia Print Edition

CONFERENCES