CICF-backed NSIG eyes $341m STAR Market IPO

China Integrated Circuit Industry Investment Fund (CICF)-backed National Silicon Industry Group (NSIG) is seeking to raise as much as 2.4 billion yuan (approximately $341 million) in an initial public offering (IPO) on the Nasdaq-like STAR Market.

Shanghai-headquartered NSIG, which manufactures and distributes silicon products, plans to sell up to 620 million common shares at a price of 3.89 yuan ($0.55) apiece. Its market value is expected to exceed 3 billion yuan ($426 million) with the IPO, according to a filing with the Shanghai Stock Exchange.

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