【New Stock IPO】CITIC Lyon, CITIC Construction Investment Resign as Overall Coordinators for Saimate IPO Bloomberg: Due to Internal Staffing Shortages in Investment Banks

SocialAnxietyStaker · 2026-03-10T13:01:00+00:00

CITIC Lyon Securities and CITIC Construction Investment (International) have stepped down from their roles as overall coordinators for the IPO of semiconductor CIM manufacturer Sematech due to staffing shortages, leading to Haitong International and others retaining the position. The CSRC has instructed sponsors to have sufficient resources and will conduct thematic inspections.

SocialAnxietyStaker

2026-03-10 13:01:00

Abstract generation in progress

Mainland China’s two major investment banks, CITIC Securities and CITIC Construction (International), have stepped down as overall coordinators for the IPO of semiconductor CIM manufacturer Semit, effective March 6 and March 8 respectively, due to internal staffing shortages, Bloomberg reports.

Originally, Semit’s IPO underwriting team included Haitong International, CITIC Construction (International), and CITIC Securities as “Joint Sponsors and Overall Coordinators,” with Shenwan Hongyuan Securities (Hong Kong) and Futu Securities serving as “Overall Coordinators.”

After the change, Haitong International, Shenwan Hongyuan Securities (Hong Kong), and Futu Securities remain as “Overall Coordinators.”

The China Securities Regulatory Commission issued a regulatory circular in January, stating that if each main personnel supervises six or more “active listing activities” simultaneously, the sponsor will be considered to lack sufficient resources to fulfill their duties. They are required to submit corrective and resource plans within two weeks and are warned of upcoming thematic inspections of sponsors.

Bloomberg indicates that it is unclear whether the reason for these investment banks abandoning Semit’s deal is due to excessive workload on key personnel.

New Stock IPO | Chip CIM Manufacturer Semit Reportedly Plans to List in Hong Kong Next Year to Raise $200 Million

Follow new stock news at 【New Stock IPO】

Market Opening: Long and Short Positions

“High oil prices” + “Weak employment” double pressure—Are oil and stock markets diverging? Could the “14th Five-Year Plan” bring new investment opportunities?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.