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Nexchip Semiconductor to Start Trading in Hong Kong Following $890 Million IPO
Jul 9, 2026
AI Summary
Nexchip Semiconductor Corp. will commence trading in Hong Kong after successfully raising $890 million through a share sale. The company sold 216.2 million shares at HK$32.30 each, significantly lower than its Shanghai-listed stock price.
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- Nexchip Semiconductor Corp. is a wafer foundry based in Hefei, China.
- The company raised $890 million in a share sale prior to its trading debut in Hong Kong.
- A total of 216.2 million shares were sold at the maximum offer price of HK$32.30 each.
- This pricing reflects a 57% discount compared to the closing price of 65.21 yuan for its shares listed in Shanghai on the previous day.
- The listing is seen as a test of investor interest in Chinese chipmakers amid a surge in offerings related to artificial intelligence.
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