Chinese chipmaker Cambricon Tech set to raise $367.8m in IPO

Chinese chipmaker Cambricon Tech set to raise $367.8m in IPO

Photo by Alexandre Debiève on Unsplash

AI chipmaker Cambricon Technologies Corp said it will raise 2.58 billion yuan ($367.76 million) in its Shanghai initial public offering after pricing the listing at 64.39 yuan a share.