Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure.
The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic semiconductor pie.
When trading begins, CanSemi is expected to set a milestone for the Shenzhen exchange as the first pure-play wafer fabrication company to list on its Shenzhen’s tech-heavy ChiNext board.
Here is what you need to know about the company and the momentum behind its highly anticipated debut.
