China Chipmakers to Debut in HK in Test of Tech Stock Demand

China Chipmakers to Debut in HK in Test of Tech Stock Demand Chip suppliers Suzhou Denglin Technology Co. and Jiangsu Xinde Semiconductor Technology Co. are set to begin trading in Hong Kong on Tuesday after raising a combined $301 million in their initial public offerings, entering the market at a time of extreme volatility especially for technology stocks. Graphics processing unit maker Denglin raised HK$1.41 billion ($179.8 million), the most in a rush of deals this week. It priced 6.1 million shares at HK$231 apiece, the low end of the marketed price range, according to a filing to the Hong Kong stock exchange. Chip assembly and testing company Xinde Semi raised HK$946 million, pricing 106.6 million shares at HK$8.88 each, also below the maximum, according to its filing.