Will Semiconductor listed 31 million global depository receipts (GDRs) on the SIX Swiss Exchange on 10 November at an offer price of 14.35 US dollars each, according to a statement from the SIX Group. The Shanghai-based company, which specializes in high-performance integrated circuits, is the seventh Chinese company this year to trade its shares abroad on the Swiss stock exchange.
Will Semiconductor's A-shares are listed on the Shanghai Stock Exchange. Each depositary receipt now placed on the SIX represents one A-share of the company. From listing on the SIX Swiss Exchange, Will Semiconductor raised gross proceeds of almost 445 million dollars. ce/hs