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VeriSilicon to sell American Depositary Shares in initial public sale
Barclays, Jefferies, Stifel and Wells Fargo are the joint bookrunners
By Devika Patel
Knoxville, Tenn., Oct. 17 – VeriSilicon Holdings Co., Ltd. will price its initial public offering of American Depositary Shares representing ordinary shares with a greenshoe option, according to a Form F-1 filed Friday with the Securities and Exchange Commission.
Barclays, Jefferies, Stifel and Wells Fargo Securities are the joint bookrunners. Oppenheimer & Co.is the co-manager.
Proceeds will be used for working capital and general corporate purposes.
The Shanghai, China, company has developed an IP-centric, platform-based, end-to-end semiconductor design service. The company has applied to list the ADSs on the Nasdaq under the symbol “VERI.”
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