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Jiangsu X-chip Semiconductor Prices Shenzhen IPO to Raise 964 Million Yuan

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Jiangsu X-chip Semiconductor Technology (SHE:301707) has priced its initial public offering on the ChiNext board of the Shenzhen Stock Exchange, seeking to raise up to 964 million yuan.

The chip packaging and testing company priced its offering of 41.1 million shares at 23.45 yuan apiece, according to a bourse filing on Tuesday.

The size of the initial strategic placement offering was 12.3 million shares, representing 30% of the total IPO size.

The public subscription window opened on Monday, July 27.

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