VeriSilicon 688521 Class A stock faces fresh overhang as early backers line up 1.95% stake sale
A shareholder group plans to sell up to 10.25 million VeriSilicon Class A shares, or 1.95% of the company, via block trades starting March 4. The stock closed Friday at 222.01 yuan, up 6.02%. Shares have surged over 300% in the past year. The group, controlled by Chen Xiaofei, cited funding needs for the sale.
