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VeriSilicon seeking US listing

By Liu Baijia and Wang Xu | China Daily | Updated: 2007-10-27 07:50

VeriSilicon seeking US listing
Shen Guojun (first from right), president of property developer China Yintai Holdings Ltd, and Chan Yue-kwong (second from right), chairman of Hong Kong-based restaurant chain Cafe de Coral Holdings Ltd, at a press conference in Beijing on Friday. Shen and Chan are two of the 11 winners of the Ernst & Young Entrepreneurs of the Year China 2007 awards. Zhang Wei
VeriSilicon Inc, an integrated circuit (IC) design house backed by Intel VC, plans to list on the NASDAQ within two years and will seek a new round of investment.

Wayne Dai, chairman and CEO of the Shanghai-based chip designer, said on Friday he has spoken to NASDAQ executives twice this year about the listing.

"We believe the period between the Beijing Olympics in 2008 and the World Expo in Shanghai in 2010 might be good," said Dai, after receiving an Ernst & Young Entrepreneur of the Year China 2007 award, along with 10 other winners.

VeriSilicon seeking US listing

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