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Chongqing Genori Technology Files for Shanghai IPO

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Chongqing Genori Technology (SHA:688797) filed for the initial public offering of 38.8 million shares on the Shanghai Stock Exchange's STAR Market board.

Proceeds will fund production expansion and research and development centers to advance domestic substitution of critical semiconductor parts, according to a Thursday prospectus on the Shanghai bourse.

The expected offering date is on June 12.

CITIC Securities serves as the lead underwriter.

Chongqing Genori Technology supplies semiconductor equipment components and surface treatment solutions for integrated circuits and display panel manufacturers.

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