Business · Companies · 1 hr ago
Semiconductor supplier Mi Material to debut on SGX after $168m IPO
Semiconductor supplier Mi Material is set to debut on the Singapore Exchange, or SGX.
The company is doing so after an initial public offering, which is a sale of shares to investors.
The IPO was valued at $168 million.
Subscriptions and indications of interest reached about S$305 million, or US$238 million.
That was 2.2 times the amount offered, showing that demand exceeded the size of the offering.
Mi Material’s next step is its SGX debut.
Mi Material is set to debut on the Singapore Exchange after an initial public offering.
The IPO raised $168 million, according to the story headline.
Subscriptions and indications of interest reached about S$305 million, or US$238 million.
That demand was 2.2 times the offering.
- Who
- Mi Material, a semiconductor supplier.
- What
- It is set to debut on the Singapore Exchange after a $168 million IPO.
- When
- Not stated.
- Where
- The Singapore Exchange.
- Why
- Not stated.
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This story does not have a timeline yet.
- Company
- Mi Material
- Business
- Semiconductor supplier
- IPO amount
- $168 million
- Subscriptions and indications of interest
- About S$305 million (US$238 million)
- Demand
- 2.2 times the offering