Venture-Backed VeriSilicon Holdings Files For $75M US IPO

Shanghai-based Chinese semiconductor design company VeriSilicon Holdings Co., Ltd., backed by a slew of U.S. venture investors, has filed for an IPO on the NASDAQ to raise as much as US$75 million, according to a regulatory filing.

No specific pricing information has been determined.

Austin Ventures and Sierra Ventures each holds a 12.09% of the company before the IPO. VantagePoint Venture Partners and Walden Riverwood Ventures owns 6.15% and 5.45%, respectively.

Pudong Science and Technology Investment Co., Ltd. owns 5.17%, and a subsidiary of WestSummit Global Technology Fund L.P. owns 5.03%.

It is unclear if these investors will be selling shares during the IPO.

Founded in 2002, VeriSilicon provides IP-centric, platform based custom silicon solutions and semiconductor turnkey services for a wide range of applications including mobile internet devices, data-centers, the Internet of Things( IoT), wearable electronics, smart homes and automotive.

It has over 450 employees with six research and development centers in China, U.S. and Finland, as well as nine sales offices worldwide.

China Expert network