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CXMT's STAR Mkt IPO Approved by SSE Listing Committee; SMIC Soars ~6% Against Mkt; HUA HONG SEMI Leaps 12%
2026-05-28 10:45:45 CXMT's STAR Market IPO application has passed the review of the Listing Committee of the Shanghai Stock Exchange, with its IPO review status updated to "Submitted for Registration". CXMT plans to issue no more than 10.622 billion shares in its IPO, raising RMB29.5 billion, according to the prospectus. It is set to become the largest A-share IPO so far this year and the second-largest IPO in the history of the STAR Market, only behind SMIC. This morning (28th), SMIC (00981.HK) opened down 0.29% before reverting up. It last quoted at HKD90.1, up 5.75%, with turnover of 158 million shares, involving HKD14.258 billion. HUA HONG SEMI (01347.HK) last quoted at HKD170.7, up 12.01%, with turnover of 36.6323 million shares, involving HKD6.111 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |