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Bloomberg

Chip Designer Semifive Files for Pre-IPO Review in South Korea

Chip design firm Semifive Inc. filed a preliminary application for an initial public offering in Seoul, seeking to spur its growth to tap rising demand for semiconductors in fields such as artificial intelligence. The filing starts the process for a listing on the Kosdaq, South Korea's equivalent of the Nasdaq, the company said in a statement Friday. Samsung Securities Co. and UBS Group AG are acting as joint lead managers.