Business executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMICBusiness executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMIC
Business executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMIC

SMIC shares soar in Shanghai, in a successful debut that may give more Chinese stocks confidence to leave US market

  • SMIC shares opened at 95 yuan, compared with its IPO price of 27.46 yuan
  • Stock surge follows a week of buying euphoria in the broader market

Topic |   IPO
Business executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMICBusiness executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMIC
Business executives, stock exchange officials, representatives from investment funds, and officials from the Chinese semiconductor industry association gather at the trading floor of the Shanghai Stock Exchange for SMIC’s stock debut on July 16, 2020. Photo: SMIC
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