Caixin
Jun 17, 2022 07:35 PM
TECH INSIDER

Tech Insider: CPU-Maker’s Shanghai IPO, IQiyi Denies Rumor Baidu Wants Out

A Loongson chip photographed in Fuzhou, Fujian province, on May 7, 2019. Photo: VCG
A Loongson chip photographed in Fuzhou, Fujian province, on May 7, 2019. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

CPU maker Loongson seeks $357 million in Shanghai IPO

Chinese CPU-maker Loongson Technology Co. Ltd. has completed online subscription for its public share sale, paving the way for a planned debut on Shanghai’s high-tech STAR Market.

Loongson aims to raise 2.42 billion yuan ($357 million) through the IPO, down from a previously announced 3.5 billion yuan. The offering includes 41 million shares, 80% of which were sold online to public investors.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription