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Changxin Technology Sets IPO Price at 8.66 Yuan Per Share, Eyes 579.19 Billion Yuan Fundraising on July 15

GateNews

According to BlockBeats, on July 15, Changxin Technology set its IPO price at 8.66 yuan per share with expected fundraising of 579.19 billion yuan, nearly double its original 295 billion yuan target. If full overallotment is exercised, total fundraising could reach 666.07 billion yuan.

The chip-making company is on track to become Asia's largest IPO this year and China's biggest semiconductor IPO by size, according to the company. Changxin Technology's fifth-generation process technology platform is currently in development, using advanced multi-patterning techniques to enhance memory density and array performance, said the company's vice president and board secretary.

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