TOKYO: SUMCO Corp, the world's No. 2 maker of silicon wafers, gained 18% in its market debut yesterday, driven by robust growth prospects for global wafer demand and the strength of the overall stock market.
SUMCO, a 50:50 joint venture between Mitsubishi Materials Corp and Sumitomo Metal Industries Ltd, raised US$1.34bil in Japan's biggest initial public offering (IPO) this year.
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