Insiders: Montage will hire banks for $1 billion Hong Kong IPO financing

Gate News bot news, Bloomberg reported from informed sources that Chinese chip design company Lattice Semiconductor has hired banks to finance approximately $1 billion for its planned Hong Kong listing project.

Insiders say that the company listed in Shanghai is collaborating with China International Capital Corporation, Morgan Stanley, and UBS Group on a potential stock sale. As the information has not been made public, the insiders requested anonymity.

Lanqi Technology announced on Friday that it plans to list in Hong Kong, but did not provide further details. Insiders said that the review is still ongoing and the plans may change.

Lance Technology was listed on the Shanghai Nasdaq Science and Technology Innovation Board in 2019, with a market value of approximately 93 billion RMB (13 billion USD).

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