China’s GigaDevice Semiconductor looks to raise over $600 million in HK IPO
China’s GigaDevice Semiconductor is targeting to raise up to HK$4.68 billion ($601.47 million) in an initial public offering in Hong Kong, according to a filing with the exchange on Wednesday.
The semiconductor firm’s Hong Kong listing plans come amid a wave of Chinese artificial intelligence and chip companies seeking to raise funds in Hong Kong’s booming IPO market.
GigaDevice is offering 28.9 million H shares under the listing, with a maximum offer price of HK$162.00 apiece.
