This article is from: srnnews.com
Jan 8 (Reuters) – China’s OmniVision Integrated Circuits said on Thursday that it had set the offer price for its Hong Kong listing at HK$104.80 per H share, raising HK$4.80 billion ($616.1 million).
The pricing was at the top end of its earlier marketed range.
The Shanghai-listed semiconductor designer, which was offering about 45.8 million shares in the Hong Kong listing, expects to begin trading on the Hong Kong Stock Exchange on January 12, it said in a filing.
The uptick in listings by Chinese technology firms reflects a broader policy drive by Beijing to fast-track approvals for artificial intelligence and semiconductor companies, strengthening home-grown alternatives to advanced U.S. technology and drawing a wave of issuers across the tech sector.
Earlier on Thursday, AI firm Zhipu AI, chipmaker Shanghai Iluvatar CoreX and surgical robotics company Shenzhen Edge Medical all jumped in their trading debuts after raising a combined $1.19 billion.
($1 = 7.7907 Hong Kong dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich)
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