Silex Microsystems AB begins trading on Nasdaq Stockholm after completing an initial public offering for the MEMS (microelectromechanical systems) specialist. Bloomberg reports the IPO raises about 2 billion Swedish kronor (about $220 million), including capital for the company and reflecting involvement by Chinese shareholder Sai MicroElectronics Inc. The Next Web adds further details on deal terms, saying the IPO is priced at SEK 81 per share and that the offering is oversubscribed. It states that the transaction is backed by Bure Equity and Creades, and that the “pure-play” MEMS foundry approach is a key focus of the listing. According to The Next Web, cornerstone investors take a large share of the offering, with names including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie. Both outlets describe a strong first-day market reaction, with Silex shares opening significantly higher on the day of trading.
Silex Microsystems surges in Nasdaq Stockholm debut after IPO raises about SEK 2 billion
Silex Microsystems AB begins trading on Nasdaq Stockholm after completing an initial public offering for the MEMS (microelectromechanical systems) specialist. Bloomberg reports the IPO raises about 2...
- Silex Microsystems AB starts trading on Nasdaq Stockholm after an IPO.
- The IPO raises about SEK 2 billion (about $220 million).
- The offering is priced at SEK 81 per share.
- The IPO is described as oversubscribed, with shares opening sharply higher.
- Cornerstone investors include firms such as Capital Research, Fidelity, and Carnegie.
The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took roughly three-quarters of the deal. Silex Microsystems opened sharply higher on its Nasdaq Stockholm debut on Wednesday, with the chipmaker’s […] This story continues at The Next Web
3 months agoSilex Microsystems AB surged in its first day of trading on Nasdaq Stockholm after an initial public offering that raised about 2 billion Swedish kronor ($220 million) for the specialist microchip-maker and its Chinese shareholder Sai MicroElectronics Inc.
3 months ago
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