TSMC Reduces its Share in Visera in Preparation to IPO

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YahooBloomberg reports that TSMC has sold $326.8M worth of VisEra shares, cutting its stake in the company to 73.9%, according to a filing to the Taiwan stock exchange. The transaction was to facilitate a proposed listing of VisEra in Taiwan. The sale puts Visera valuation at over $1.25B.

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