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China Montage Technology soars in Hong Kong debut
Shares of Chinese chip designer Montage Technology surged 57% in its Hong Kong trading debut on Monday following an initial share sale that raised $902 million.
Summary
Shares of Chinese interconnect chip designer Montage Technology surged more than 60% in its Hong Kong trading debut on Monday following an initial sale that raised $902 million . The stock closed at 175 Hong Kong dollars ($22.39) after pricing its offering at HK$106.89, the upper end of the range.
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