Brief News: The continuously loss-making ILUVATAR COREX rose 11% at midday on its first day of listing
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Chip manufacturer Shanghai ILUVATAR COREX Semiconductor Co., Ltd. was listed on the Hong Kong Stock Exchange on Thursday, opening up 31.5%, and closing at noon up 11%, at HKD 160.7. The company offered 25.432 million shares, with an issue price of HKD 144.6 per share, raising a net amount of HKD 3.509 billion, with the public offering oversubscribed by 413 times. Despite continuous losses from 2022 to the first half of 2025, revenue in the first half of last year increased by 64% year-on-year to HKD 324 million, but losses widened by 51% to HKD 609 million
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