SILEX MICROSYSTEMS SURGES IN STOCKHOLM IPO
■ AI-SUMMARIZED FROM 2 SOURCES BELOW
Silex Microsystems AB shares jumped on their first day of trading on Nasdaq Stockholm after raising approximately 2 billion Swedish kronor ($220 million) in its initial public offering.
■ MORE FROM THE HARDWARE DESK
Swedish chipmaker Silex Microsystems raised approximately $220 million in a Stockholm IPO, with shares surging 160% on the first day of trading—marking the strongest European IPO opening in nearly five years.
Montage Technology Co. has surpassed Contemporary Amperex Technology Co. Ltd. as the most expensive dual-listed stock trading in Hong Kong relative to its mainland Chinese shares, driven by strong demand for AI chips.
UK quantum computing startup Quantum Motion secured $160 million in Series C funding, with the EU-backed growth fund Kembara making its first investment in the round.
GRST, a Hong Kong-based company, has developed a water-soluble battery binder that simplifies recycling while reducing pollution and improving recovery of critical metals. The technology is being adopted by seven Chinese equipment manufacturers supplying European EV makers.