China 3rd Largest 2022 IPO Hygon Information Technology Shares Price Increased by 100% Day 1 Trading, Raised $1.6 Billion

China 3rd Largest 2022 IPO Hygon Information Technology Shares Price Increased by 100% Day 1 Trading, Raised $1.6 Billion China 3rd largest IPO in 2022 Hygon Information Technology had increased by more than 100% (CNY 73.80, IPO CNY 36) on day 1 of trading (12/8/22), raising $1.6 billion (CNY 10.8 billion) from its listing on STAR Market (Shanghai Stock Exchange Science and Technology Innovation Board). HYGON was founded in February 2016, as a Sino-American Joint Venture Integrated Circuit Design Company. The Chinese shareholder is Tianjin Haiguang Advanced Technology Investment Company Ltd., and the foreign shareholder is Advanced Micro Devices, Inc….