China’s Nexchip Semiconductor seeks up to $890.3 million in Hong Kong share sale

China’s Nexchip Semiconductor seeks to raise up to HK$6.98 billion ($890.26 million) in a Hong Kong share sale, an exchange filing showed on Tuesday.

The chip firm is offering 216.2 million shares at maximum HK$32.30 each ‌and expects ⁠dealing ⁠of H shares to begin on July 10, the ​filing showed.

Nexchip’s raising follows a slew of Chinese technology ​firms seeking to raise funds in Hong Kong’s red-hot capital markets, with Apple supplier Luxshare ​Precision Industry revealing on the ⁠day an ‌up to $3.10 billion share sale.