China Chipmaker MetaX Debuts After Wildly Oversubscribed IPO
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Attendees at the MetaX LLC booth at the World Artificial Intelligence Conference in Shanghai in 2023.China will have another major chip debut on Wednesday, eagerly watched by stock-market investors after the stellar gains by its peer Moore Threads Technology Co. earlier this month.MetaX Integrated Circuits Shanghai Co. is set to start trading in its home city after raising $585.8 million in an initial public offering that was 2,986 times oversubscribed on the retail portion. It drew even higher demand than Moore Threads, whose shares were oversubscribed by 2,750 times in its IPO.