KWM advises National Silicon Industry Group on its IPO in the STAR Market

On 20 April 2020, National Silicon Industry Group Co., Ltd. ("NSIG") made its initial public offering ("IPO") on the SSE STAR Market (stock code: 688126). The issuance of 620 million new shares at the price of RMB 3.89 each raised RMB 2.412 billion in total.

Established in December 2015, NSIG is one of the largest semiconductor silicon wafer manufacturers in Mainland China. It mainly engaged in the R&D, manufacturing and sales of semiconductor wafers, with product terminal applications covering mobile communication, portable devices and many other industries.

As the issuer's counsel, King & Wood Mallesons (KWM) provided high-quality professional legal services in aspects such as design of equity structure optimization plan, drafting of transaction documents, and legal due diligence. In addition, KWM also advised the client in a professional, quality, and efficient manner on various complex and challenging legal issues, including formulating of option incentive plan where options are granted pre-IPO and exercised post-IPO, and corporate governance of a controlling issuer. This is another major deal in which KWM advised a domestic hardcore technology growth company on landing on the STAR Market.

The deal was led by partners Zhang Mingyuan, Liu Dongya, and Shen Chengmin.