Will Semiconductor Lists GDRs on SIX Swiss Exchange, Raising Nearly $445 Million
(IN BRIEF) Will Semiconductor Co., Ltd., a Chinese company, has successfully listed its Global Depository Receipts (GDRs) on the SIX Swiss Exchange. The offering involved 31,000,000 GDRs at an offer price of USD 14.35 per GDR, with each GDR representing an interest in one A-share of the company. Will Semiconductor, engaged in designing and developing high-performance integrated circuit devices, raised approximately USD 444.9 million in gross proceeds from this GDR offering. The company focuses on three primary business lines, including advanced digital imaging solutions, touch and display solutions, and analog solutions, while also expanding its product and solution offerings to cater to emerging high-growth sectors.
(PRESS RELEASE) ZURICH, 11-Nov-2023 — /EuropaWire/ — Will Semiconductor (Ticker “WILL”) becomes the seventh company to list Global Depository Receipts (GDRs) at SIX Swiss Exchange in 2023.
Will Semiconductor Co., Ltd. placed 31,000,000 GDRs at an offer price of USD 14.35 per GDR, with one (1) GDR representing an interest in one (1) A-share of the company. The A-shares of the company are listed at the Shanghai Stock Exchange. Will Semiconductor Co., Ltd. raised gross proceeds of approximately USD 444.9 million from the GDRs offering.
Will Semiconductor Co., Ltd. designs and develops high-performance integrated circuit devices, currently engaging in three main business lines: advanced digital imaging solutions, touch and display solutions and analog solutions and it is continuing to expand its product and solution offerings so as to serve emerging, high-growth verticals.
More information about Will Semiconductor Co., Ltd.
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SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of 4,044 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million in 2022.
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