Israel's WLCSP becomes first foreign co-founded company to go public in China
February 10, 2014 11:40
Wafer Level Chip Scale Package (WLCSP), a portfolio company of Israel's Infinity group, became the first foreign co-founded company to go public in China when it debuted on the Shanghai Stock Exchange on Monday.
WLCSP's founding investors were Infinity and China' CVSC, and until the IPO, Israeli shareholders controlled some 38% of the company.
“We are honored to be the co-founders of a great company which is also a symbol of China-Israel cooperation," said Infinity Group founder and managing partner Amir Gal-Or. "We are exceptionally proud that WLCSP is the first company based on Israeli technology to go public in China.”