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<IPO>VERISILICON Files for IPO at HKEX; A-Share Mkt Cap RMB110B+
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VERISILICON (688521.SH) announced that it filed for an IPO with HKEX (00388.HK) yesterday (1st). CITIC Securities and UBS are the joint sponsors. Based on the closing price that day, VeriSilicon's A-share market cap reached RMB117.279 billion. The company plans to use the funds raised to invest in the R&D of key technologies and core businesses, according to the information. Financially, the company's revenue for the full year of 2025 was $3.148 billion, up 35.9% YoY; and the loss narrowed to $528 million. Auto-translated by AI AASTOCKS Financial News |
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