Mr. Lip-Bu Tan, Chairman of Walden International, On the 20th Anniversary of SMIC & Its IPO in the STAR Market
Semiconductor Manufacturing International Corporation (“SMIC”) went public on the Sci-Tech Innovation Board (STAR Market) on 16 July. It took only 19 days for SMIC to gain regulatory approval, breaking the record for the STAR Market. The over-allotment option was fully exercised, thus raising a total of 53.2 billion yuan. Based on the issue price, SMIC’s market value will reach a record-setting 2