Longsys launches Hong Kong IPO
The Shenzhen-listed company is seeking to raise up to $800 million as its first-half profit surged by a factor of more than 700, fueled by spiking memory prices Image Credit: Bamboo Works Shenzhen Longsys
Longsys, a computer-memory company, is raising money by listing shares in Hong Kong because its profits jumped way up when memory chip prices rose. When a company grows fast and raises money, it might be planning big plans—watch whether the money helps them grow even more.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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