SMIC Planed to Raise 20b yuan

Updated:2020/6/3 23:19

Late on June 1st 2020 Semiconductor Manufacturing International Corporation(SMIC) launched its IPO of A-share on the Sci-Tech innovation board. It planed to issue less than 1.686 billion shares and raise 20 billion yuan($142.19 billion).

On June 2nd 2020, as a part of A-share offering, SMIC has signed agreements respectively with China Information Communication Technology Group(CICT) and Shanghai Integrated Circuit Fund, both becoming the Strategic investors of SMIC. CICT will subscribe for shares up to 2 billion yuan($14.22b) while Shanghai integrated Circuit Fund will be up to 500 million yuan($3.55b).

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