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Chinese chipmaker SigmaStar hopes to raise USD 780 mln in Shanghai IPO - report

Wednesday 26 May 2021 | 10:04 CET | News
Chinese chipmaker SigmaStar is mulling an initial public offering in Shanghai that could raise at least CNY least 5 billion (USD 780 million), Bloomberg reported, citing sources familiar with the matter. The startup is working with advisers toward a share sale on the Star board hopefully this year. The plan is not final and could still change, the anonymous sources said, adding that the company is targeting a valuation of CNY 30-50 billion.

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Categories: Mobile & Wireless
Companies: SigmaStar
Countries: China
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