Deals
China Chip Firm Seeking to Rival ASML Weighs IPO Filing, Sources Say
- Dongfang Jingyuan weighing listing venues including STAR board
- Beijing-based firm sells software for making advanced chips
The Dongfang Jingyuan Electron Ltd. headquarters in Beijing
Source: Bloomberg
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Dongfang Jingyuan Electron Ltd., a semiconductor software firm, is weighing filing for an initial public offering in China as soon as next year, according to people familiar with the matter, as the country spars with developed democracies over access to chipmaking technology.
The Beijing-based company, currently valued at about 8 billion yuan ($1.2 billion), is in the early stages of preparing for a potential listing, the people said, declining to be identified as the information is not public. The firm is considering venues for its debut including Shanghai’s Nasdaq-style STAR board, one of the people said.