Silex Micro Posts Best First Day for a European IPO Since 2013

Silex Microsystems AB surged in its first day of trading on Nasdaq Stockholm after an initial public offering that raised about 2 billion Swedish kronor ($220 million) for the specialist microchip-maker and its Chinese shareholder Sai MicroElectronics Inc.

The debut marked the best first day performance for a sizable European IPO in more than a decade. Cornerstone investors took the majority of the shares in the offering and the deal was heavily oversubscribed.