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Market Chatter: Shenzhen Longsys Prices Hong Kong IPO at HK$236, Below Top of Range, Sources Say

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Shenzhen Longsys Electronics (HKG:9976, SHE:301308) priced its Hong Kong shares at HK$236 apiece, below the top of the marketed range, Bloomberg News reported Thursday, citing people familiar with the matter.

The memory chipmaker's Hong Kong offering was priced HK$4.60 below the maximum indicated price of HK$240.60, according to the report.

Longsys Electronics did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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