Chinese chipmaker Cambricon Tech set to raise $367.8m in IPO

www.dealstreetasia.com

#China #funding - AI chipmaker Cambricon Technologies Corp. said it will raise 2.58 billion yaun ($367.76m) in its Shanghai initial public offering (IPO) after pricing the listing at 64.39 yuan a share. The news comes days after Chinese chipmaker Semiconductor Manufacturing International Corp. (SMIC) said that it would raise $6.6 billion in what will be the world's biggest listing so far this year. (Deal Street Asia)

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