BEIJING, July 14 (Reuters) – China’s ChangXin Memory Technologies (CXMT) expects to raise about 57.9 billion yuan ($8.55 billion) before any over-allotment option in its initial public offering on Shanghai’s Nasdaq-style STAR Market, the company said in a filing.
The company said the IPO price was set at 8.66 yuan per share.
($1 = 6.7697 Chinese yuan renminbi)
(Reporting by Beijing NewsroomEditing by David Goodman)
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