CanSemi IPO oversubscribed 2,360x as AI chip demand fuels mainland tech listings

CanSemi Technology's Shenzhen IPO saw retail oversubscription of over 2,300 times post-clawback, reflecting intense investor appetite for domestic AI infrastructure plays. The company's focus on silicon photonics and role in China's semiconductor self-sufficiency drive underpins demand. This signals robust risk appetite for Chinese tech listings despite broader geopolitical tensions.