A sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: ReutersA sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: Reuters
A sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: Reuters

Chinese AI start-up Cambricon to raise US$367.7 million through IPO on Shanghai’s Star Market

  • Cambricon, one of China’s most valuable AI chip start-ups, has set a listing price of 64.39 yuan per share on Shanghai’s Star Market
  • It is offering 40.1 million new shares through the listing, or about 10 per cent of its total shares after the IPO

Topic |   IPO
A sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: ReutersA sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: Reuters
A sign for Star Market, China's Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. Photo: Reuters
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