SigmaStar is eyeing US$780 million IPO in Shanghai as China’s semiconductor industry raises capital to expand

Source: South China Morning PostChip maker SigmaStar is seeking to raise at least 5 billion yuan (US$780 million) in an initial public offering (IPO) in Shanghai, according to people familiar with the matter, as China expands its semiconductor industry.The start-up is working with advisers toward a share sale on the Nasdaq-style Star board as soon as this year, said the people, asking not to be identified because the information isn’t public. The plan isn’t finalised and is subject to change, they said. The company targets a…Read More

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