Chinese semiconductor firm 3Peak looks to raise $339m in STAR Market IPO

Chinese fabless semiconductor firm 3Peak Incorporated is looking to raise 2.31 billion yuan ($339 million) in an initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market.

The company, which kicked off its subscription exercise on Wednesday, is offering 20 million common shares at 115.71 yuan ($16.93) apiece. The shares have been oversubscribed 4,608 times, the company said on Thursday.

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