VeriSilicon Holdings, a China-based outsourcer of semiconductor design and development solutions, withdrew its plans for an initial public offering on Friday. It originally filed in October 2014 with a proposed deal size of $75 million.
The Shanghai, China-based company was founded in 2001 and booked $165 million in sales for the 12 months ended December 31, 2014. It had planned to list on the Nasdaq under the symbol VERI. Barclays, Jefferies, Stifel and Wells Fargo Securities were set to be the joint bookrunners on the deal.
The article Out of chips: VeriSilicon Holdings withdraws $75 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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