NEW YORK – Chinese sequencing tech company MGI Tech, a BGI affiliate, plans to go public this week in an initial public offering in China, targeting proceeds of CNY 2.53 billion (approximately $366.4 million based on Monday's exchange rate). In a prospectus that the Shenzhen, China-based company issued last week, MGI said it plans to launch the offering of 41.3 million shares this Wednesday. Chinese investment banks CITIC Securities and China International Capital Corporation along with UBS Securities are the lead underwriters for the IPO. The IPO funds will be used for various sectors of the company’s business, MGI stated,…