IQE planning to float minority stake in Taiwan subsidiary

Compound semiconductor wafer and advanced material specialist IQE announced its intention to pursue an initial public offering (IPO) for its Taiwanese operating subsidiary IQE Taiwan on the Taiwan Stock Exchange (TWSE) on Wednesday.

  • IQE
  • 31 July 2024 12:49:48
IQE

Source: Sharecast

The AIM-traded firm said the planned IPO would be a significant strategic move, as it looked to enhance its presence in Asia and leverage the growth potential of its Taiwanese operations.

IQE said it planned to list IQE Taiwan on the TWSE by selling a minority shareholding through the public offering while retaining control of the subsidiary.

Proceeds from the IPO were expected to be used across the group to support its broader growth strategy, further strengthening its position in the compound semiconductor industry.

The IPO process was in its early stages, with IQE having appointed Taishin Securities as its financial advisor to guide the preparation and execution of the listing.

It said the IPO would be conducted in two phases, with the initial listing on the Emerging Market Board expected in the first half of 2025, subject to the usual regulatory approvals and procedures.

Further details regarding the transaction and its progress would be disclosed as the process developed.

“This is an exciting opportunity for IQE and will accelerate the investment in our strategy for growth as we capitalise on the market opportunities ahead, including in GaN Power,” said chief executive officer Americo Lemos.

“A successful IPO of IQE Taiwan will allow us to maximise the value of our asset whilst continuing to offer a secure and resilient supply chain for our global customers.”

At 1224 BST, shares in IQE were up 6.44% at 31.19p.

Reporting by Josh White for Sharecast.com.

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.