Montage Technology prices IPO at $10, below the range


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Montage Technology Group, a China-based fabless provider of chips for set-top boxes and memory computing, raised $71 million by offering 7.1 million shares at $10, below the range of $12 to $14. Montage Technology Group, which now commands a market cap of $277 million, will list on the NASDAQ under the symbol MONT. Deutsche Bank, Barclays and Stifel acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: MONT

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