ASMC finally launches IPO

A few years after being mandated, ASMC feels the time is now right to test the IPO market.
Chinese chip maker Advanced Semiconductor Manufacturing Corp ASMC is launching the formal roadshow for its initial public offering today March 20 with the aim of raising between HK$553.1 million and HK$752.3 million $71 million to $97 million.

Bank of China International and Goldman Sachs, which are leading the offering, initially planned to take the company public one year ago when it first received the go ahead from the stock exchange, but postponed the IPO due to a slowdown in the industry cycle.

Fast forward a year and they now believe the market situation is looking more favourable. And while lowered profit guidance by Texas Instruments and Intel over the past few weeks...
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