CXMT Fully Exercises Overallotment Option in Shanghai IPO
MT Newswires Live
Aug 27
ChangXin Memory Technologies (SHA:688825) has fully exercised the overallotment option in its initial public offering on the Shanghai Stock Exchange's STAR Market board.
The exercise brought its total shares issued to 7.69 billion, or 11.3% of its share capital after the IPO, raising total gross proceeds of 66.6 billion yuan, according to a bourse filing on Thursday.
As a result, the semiconductor company's total share capital will increase to 67.9 million shares from 66.9 million shares.
China International Capital Corp. and CITIC Securities served as the joint lead underwriters.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.