[To learn English]
Chinese chipmaker CXMT Corp's $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the demand was less feverish than in recent Chinese tech IPOs, reflecting caution amid a global selloff in chip stocks.
Attention will now shift to CXMT's listing expected later this month on Shanghai's STAR Market, which will test the market ahead of a slew of other high-profile IPOs as Beijing pushes for self-sufficiency in its tech rivalry with Washington.
中国芯片制造商长薛存储（CXMT Corp）86亿美元的首次公开发行（IPO）获机构投资者超500倍超额认购，但需求热度不及近期中国科技股IPO，反映出在全球芯片股抛售潮中的谨慎情绪。
市场目光将转向长薛存储预计本月晚些时候在上交所科创板的上市，这将在北京推动对华盛顿技术竞争中的自给自足之际，为接下来一系列高关注度IPO测试市场水温。
LearnEnglish Leave a remark