The chip manufacturing services firm is set to go public $268m in an oversubscribed offering that will enable Samsung, Xiaomi and Intel to exit.
VeriSilicon Microelectronics, a China-based semiconductor manufacturing services provider backed by chipmaker Intel and electronics producers Xiaomi and Samsung, is set to raise RMB1.87bn ($268m) in its initial public offering, DealStreetAsia reported today.
The company will offer up to 48.3 million shares priced at RMB5.50 each on the Shanghai Stock Exchange’s Star Market and the offering has reportedly been oversubscribed by seven times.
Founded in 2001, VeriSilicon makes use of its intellectual property to create customised silicon and semiconductor products for…
