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China chip maker LAN Tech landed on Nasdaq debut

Source: Internet
Author: User
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Absrtact: September 27, China's chip maker LAN-Tech (Montage Marvell Group) successfully landed on the Nasdaq stock Exchange in the United States today, with a stock code of Mont. The first day of the IPO, the LAN technology rose 2.8 U.S. dollars, a gain of 28%, close to 12.8 U.S. dollars. LAN up

September 27, China's chip manufacturers LAN-Tech (Montage Marvell Group) successfully landed on the Nasdaq stock Exchange today, the stock code is mont.

The first day of the IPO, the LAN technology rose 2.8 U.S. dollars, a gain of 28%, close to 12.8 U.S. dollars. LAN-Tech IPO price of 10 U.S. dollars, less than the expected 12 U.S. dollars to 14 U.S. dollars, the total financing amount of 71 million U.S. dollars.

LAN-technology is a analog and mixed signal chip suppliers, currently focused on the home entertainment and cloud computing market to provide a full range of chip-based solutions. In addition, the listing, shareholders will provide 1.78 million shares for sale.

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