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.
