Semidux (Cayman) Holding Begins U.S. IPO Effort

News Snapshot:

luza studios/E+ via Getty Images Semidux Is Recovering From Lockdown Sales Drop Semidux (Cayman) Holding Limited (JIE) has filed to raise $17.25 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. Semidux designs and sells computing infrastructure hardware and software. While management has returned Semidux (Cayman) Holding Ltd. to revenue growth and operating profit, it faces intense competition and an uncertain macroeconomic environment in China. What Does Semidux Do? Shenzhen, China-based Semidux (Cayman) Holding Limited was founded to develop semiconductors, servers and related software for what it calls the "metaverse computing infrastructure" market. Management...