CanSemi Jumps 274% on Listing as October Raises $63 Billion
Global corporate funding reached $63 billion across 461 rounds since the beginning of October, while CanSemi's stock jumped 274.69% on its first trading day on the Shenzhen Stock Exchange.
Total global corporate funding reached $63 billion across 461 rounds since the beginning of October, according to the daily newsletter from Dealroom.
The largest deals included a late-stage round for ID Finance worth $600 million, a Series C round for Infinigence AI worth $316 million, and a Series D round for Mujin worth $252 million.
In China, the platform's data set the initial public offering price for CanSemi at 12.01 yuan per share on the Shenzhen market for innovative companies, as the stock jumped 274.69% at the open.
These figures provide a picture of the pace of global capital injection during the month, an indicator tracked by investors to gauge risk appetite in the technology and growth sectors.
What do these terms mean?
Initial Public Offering (IPO): A company offering its shares for public subscription on the stock exchange for the first time, enabling the public to trade its shares.
Late-Stage Round: A funding round that comes before an initial public offering or exit, usually involving larger amounts than early-stage rounds.
Innovative Companies Exchange: A market dedicated to technology and growth companies that may not meet the requirements of main stock exchanges.
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