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<IPO>Montage Said to Attract BABA-W, JPM Asset Mgmt as Cornerstone Investors for HK IPO
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Chinese chip design company Montage Technology will bring in BABA-W (09988.HK) and J.P. Morgan Asset Management as cornerstone investors for its Hong Kong IPO, Bloomberg, citing people with the knowledge of the matter, reported. The listing is projected to raise approximately USD900 million, with the potential for a higher amount if underwriters exercise the over-allotment option. Other cornerstone investors in this transaction include Scotland-based asset management company Aberdeen, South Korea's Mirae Asset Securities, and UBS Asset Management. AASTOCKS Financial News Website: www.aastocks.com |
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