Shanghai Iluvatar Stock Jumps After Large Upsized Placement Raises HK$7.07 Billion
Shares of Shanghai Iluvatar CoreX SemiCon Co climbed 7.1% to HK$600 after the company confirmed an upsized placement that generated roughly HK$7.07 billion (about US$902 million). The sale comprised 14.9 million shares at HK$476 each, priced at the low end of a marketed range and representing a roughly 15% discount to the prior session's close. The…