From Dow Jones & Company:

– Chinese semiconductor company BaTeLab’s shares fell in their trading debut in Hong Kong
– Shares declined as much as 14% before paring losses
– BaTeLab raised 412.05 million Hong Kong dollars in its IPO
– It was the largest provider of analog IC patterned wafers in China in 2022
– Revenue jumped 66% to HK$352.5 million in 2022
– Company registered negative operating cashflow in two of the three years between 2020 and 2022
– The company plans to use the proceeds to enhance its research and design capabilities, enrich its product portfolio, and make strategic investments



Read more: Shares of semiconductor startup BaTeLab fall in Hong Kong trading debut