China's Nexchip Raises $890 Million in Hong Kong Listing, Trading Starts July 10

Chinese chip foundry Nexchip Semiconductor (Shanghai-listed under 688249.SS) has raised about $890 million (HK$6.98 billion) in a Hong Kong share sale and will begin H-share trading on July 10. The company priced its offering on July 8 at the top of its range, HK$32.30, selling 216.2 million shares, according to Reuters, which cited official filings.