Hefei, capital of Anhui, is a political, economic and cultural center. Population around 8 million; a key city driving regional development and innovation.
Rivian plans a public offering to raise about $1.5 billion while ChangXin Memory Technologies priced its Shanghai IPO at 8.66 yuan per share, potentially raising up to 66.6 billion yuan. The offerings come as Rivian aims to fund a loan-related equity contribution and ChangXin expands its market presence on STAR Board.