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AXT, Inc. Announces Next Filing Step for IPO in China

Globe Newswire - Tue Jul 5, 2022

FREMONT, Calif., July 05, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today announced that its wafer manufacturing subsidiary in China, Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), submitted to the Shanghai Stock Exchange, and the Shanghai Stock Exchange accepted for review, additional documents as the next step in the process of listing Tongmei’s shares in an initial public offering (the “IPO”) on the Shanghai Stock Exchange’s Sci-Tech innovAtion boaRd (the “STAR Market”). This is the fourth round of submissions and conforms to the normal processes and steps toward a listing on the STAR Market.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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