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

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Go back to AXT, Inc. (AXTI) Announces Next Filing Step for IPO in China

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

July 5, 2022 4:05 PM EDT

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 Tongmeis shares in an initial public offering (the IPO) on the Shanghai Stock Exchanges Sci-Tech innovAtion boaRd (the STAR Market). This is the fourth round of submissions and conforms to the normal... More