KWM Leads Empyrean IPO Amid China Chip Boost

KWM Leads Empyrean IPO Amid China Chip Boost Markets By Sydney Barrett On Aug 17, 2022 Share Chip design software provider Empyrean has raised RMB3.55 billion (US$522.95 million) through a listing on SZSE's ChiNext. Empyrean's legal counsel, King & Wood Mallesons, was led by Beijing office managing partner Gong Mulong, partners Wang Hui, Wan Minxiu and associate Tang Lizi. DeHeng Law Offices advised insurer CITIC Securities and its lead partner was Yang Xinwei. Empyrean develops Electronic Design Automation (EDA), a cornerstone of integrated circuit design and known as the "mother of chips". According to CCID Consulting, a think tank under…