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Belgian-German Chipmaker X-Fab Aims for $530 Million IPO

  • The wafer foundry seeks Euronext Paris listing to fund growth
  • Malaysian state and TDK will sell stakes in the offering
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German-based chipmaker X-Fab Silicon Foundries SE expects to raise about 500 million euros ($530 million) via an initial public offering in order to fund its global production expansion.

The company with headquarters in Erfurt, central Germany, said Tuesday it intends to list shares on the Euronext Paris exchange in a primary offering of new shares worth 250 million euros as well as a secondary offering that could raise another 250 million euros depending on the valuation afforded those shares.