According to Jin10, Xiaomi-backed chip maker Zhuhai YI Microtech is preparing to begin pre-marketing for its Hong Kong IPO as early as this week, with fundraising expected to exceed $100 million. The company passed its Hong Kong Stock Exchange listing hearing last week and plans to start bookbuilding as early as next week, with trading possibly set to begin in mid-October.
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Xiaomi-Backed Chip Maker Zhuhai YI Microtech Prepares Hong Kong IPO Roadshow
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