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Montage Technology officially announced on June 20 its intention to list shares in Hong Kong, yet did not offer additional specifics. The sources indicate that the firm is collaborating with investment banks including China International Capital Corp. (CICC), Morgan Stanley, and UBS Group regarding the listing.
According to sources from Bloomberg, talks are continuing, and Montage Technology's intentions for a Hong Kong listing might still alter. A UBS spokesperson chose not to comment, while CICC, Morgan Stanley, and Montage Technology did not reply to the agency’s inquiry for remarks.
Montage Technology's shares are currently listed on the Shanghai exchange: in 2019, the firm joined the Chinese STAR Board, which is similar to Nasdaq, according to Bloomberg.
The agency highlights that the company's market capitalization is approximately 93 billion yuan ($13 billion). Shares of Montage Technology in Shanghai dropped 4.4% after trading on June 23, priced at 78.01 yuan ($10.8).
source: bloomberg.com
According to sources from Bloomberg, talks are continuing, and Montage Technology's intentions for a Hong Kong listing might still alter. A UBS spokesperson chose not to comment, while CICC, Morgan Stanley, and Montage Technology did not reply to the agency’s inquiry for remarks.
Montage Technology's shares are currently listed on the Shanghai exchange: in 2019, the firm joined the Chinese STAR Board, which is similar to Nasdaq, according to Bloomberg.
The agency highlights that the company's market capitalization is approximately 93 billion yuan ($13 billion). Shares of Montage Technology in Shanghai dropped 4.4% after trading on June 23, priced at 78.01 yuan ($10.8).
source: bloomberg.com
