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Montage Technology Aims to Secure $900 Million via Hong Kong IPO, with Alibaba as a Key Cornerstone Investor
3 week ago /
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Author：小编
On January 14, Bloomberg reported that Montage Technology, a chip design firm, is set to go public on the Hong Kong Stock Exchange. The company has secured Alibaba, J.P. Morgan Asset Management, and other prominent entities as its cornerstone investors. The initial public offering (IPO) is projected to raise around $900 million, with the possibility of amassing even greater funds should underwriters opt to exercise the overallotment option. Aberdeen Group, Mirae Asset Securities, and the asset management arm of UBS Group are also among the other cornerstone investors. The market holds significant anticipation for the stock issuance of this AI-centric chip company.
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