Xiaomi And Alibaba-Backed Chipmaker ASR Microelectronics Nets CNY 6.88Bn In Shanghai IPO

ASR Microelectronics issued 41.83 million shares at CNY 164.54 apiece in its Shanghai STAR Market IPO. In 2020, the company's revenue was CNY 1.08 billion, an 172% year-on-year increase.