Search results for institutional bookbuilding
AI & Enterprise
Korean stocks slide raises uncertainty for AI startups ahead of IPOs
A sharp fall in South Korean stocks has raised uncertainty for AI startups pursuing initial public offerings, as concerns resurface over AI investment profitability. Alice Group is set to list on the KOSDAQ after strong demand in its bookbuilding and retail subscription. Attention is turning to follow-on candidates Rablup and Xenon as they run institutional demand forecasts and prepare retail subscriptions amid heightened market volatility and potentially weaker investor sentiment.
Finance
IPO market stirs as duplicate listing ban takes effect, investor sentiment still weak
More than a month after South Korea began enforcing guidelines that ban duplicate listings in principle while allowing exceptions, some long-delayed listing reviews have resumed and IPO supply in September is expected to increase. Investor appetite for IPOs remains weak, with most newly listed firms in August trading below their offer prices. New rules impose duties on parent boards and require subsidiary independence, while market watchers cite softer demand in bookbuilding and subscriptions.
Industry
China\'s top DRAM maker CXMT launches $4.3 billion Shanghai IPO, test for AI memory push
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, is launching a Shanghai IPO worth about $4.3 billion as AI data centre demand drives a surge in memory needs. Subscriptions on the STAR Market are set to begin on July 16. The company plans to raise 29.5 billion yuan by selling about 6.69 billion shares, around 10 percent of total shares after listing, with an overallotment option also secured.
