Long-Only and Sovereign Investors Show Overwhelming Interest in Montage Tech's Hong Kong Listing, Enough to Absorb All Shares
Deep News
Jan 30
According to informed sources, sovereign wealth funds and long-only investors—who typically invest in stocks expected to appreciate and do not engage in short selling—have expressed sufficient interest to purchase all shares offered in Montage Tech's Hong Kong listing.
They stated that the offering has been multiple times oversubscribed.
A representative for Montage Tech did not immediately respond to a request for comment.
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