Nexchip Semiconductor Raises $891M in Hong Kong IPO on July 10

According to Bloomberg, Hefei-based chipmaker Nexchip Semiconductor Corp. raised approximately US$891 million in a Hong Kong share sale on July 10. The company sold 216.2 million shares at HK$32.30 (US$4.10) each, priced at the top of its indicated range. On the same day, its Hong Kong shares rose as much as 14%, while Shanghai-listed shares fell as much as 12%.
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