Shanghai Stock Exchange approves Brite Semiconductor for IPO

Shanghai Stock Exchange approves Brite Semiconductor for IPO

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 25, 2022. REUTERS/Aly Song/File Photo

The Shanghai Stock Exchange on Monday said that Brite Semiconductor, partly owned by Chinese chip foundry Semiconductor Manufacturing International Corporation (SMIC), met all the conditions for an initial public offering (IPO).