On August 18, 2020, VeriSilicon Microelectronics (Shanghai) Co., Ltd., a leading provider of platform-based, all-round, one-stop custom silicon services and semiconductor IP licensing services, successfully completed its initial public offering and listing on the Sci-Tech Innovation Board (STAR Market) of the Shanghai Stock Exchange. The company priced its IPO at RMB38.53 per share, and the offering raised approximately RMB1.86 billion ($268.8 million). The shares began trading on the STAR Market on August 18, 2020 and closed the day at RMB148 per share, giving the company a total market value of RMB71.5 billion ($10.4 billion). Wilson Sonsini Goodrich & Rosati acted as the lead international counsel to the company in the offering.

The Wilson Sonsini team that advised VeriSilicon Microelectronics (Shanghai) Co., Ltd. included:

China Team:
Weiheng Chen, Partner 
Jie Zhu, Partner
Linyan (Jill) Sheng, Associate
Draco Ng, Counsel

U.S. Team:
Barry Taylor, Partner
Myra Sutanto Shen, Partner
Michael Montfort, Counsel
Derek Wallace, Of Counsel
Adrian Broderick, Of Counsel
Jennifer Gu, Senior Paralegal

For more information, please see VeriSilicon Microelectronics (Shanghai) Co., Ltd.’s press release.