Skip to main content

Axt Inc(AXTI-Q)

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

AXT, Inc. Crosses Major Milestone on Tongmei IPO

Globe Newswire - Tue Jul 12, 2022

FREMONT, Calif., July 12, 2022 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today announced that its subsidiary in China, Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), was approved by the Shanghai Stock Exchange (“SSE”) for the listing of Tongmei’s shares in an initial public offering (the “IPO”) on the SSE’s Sci-Tech innovAtion boaRd (the “STAR Market”). The STAR Market IPO remains subject to review and approval by the China Securities Regulatory Commission (“CSRC”) and other authorities. The SSE will now forward Tongmei’s application to the CSRC for its review and approval.


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

More from The Globe