IML of the U.S. Launches IPOs on TWSE

Taipei, May 19, 2010 (CENS)–The U.S.-based Integrated Memory Logic Limited (IML) yesterday launched initial public offering (IPO) at a price of NT$143 (US$4.49 at US$1:NT$31.8) per share on the Taiwan Stock Exchange. The share closed at NT$243 (US$7.64), up 69.93% or NT$100 (US$3.14), on the first trading day.

IML is a fabless semiconductor company which develops and markets application specific analog and mixed signal integrated circuits, primarily for the flat panel display and mobile systems markets.
With a strong design and management team with many years of industry experiences, the company partners with world-class foundries and assembly organizations to deliver very high performance, cost effective, and power saving solutions.
Founded in 1996 and headquartered in Campbell, Calif., the company is expanding its global presence in South Korea, Taiwan, China and other Asia-Pacific regions. The company has established strong strategic partnership with major OEM (original equipment manufacturer) customers and is currently shipping a high volume of large TFT (thin film transistor) panel power management semiconductor devices, as well as sampling key components for mobile display systems.
IML scored NT$2.429 billion (US$76.38 million) in consolidated sales in 2009, up 57.7% year-on-year. The company saw operating earnings reach NT$575 million (US$18.08 million) last year, up 71.58% from a year earlier.
At the IML`s launch ceremony held yesterday, TWSE chairman Schive Chi said a U.S.-listed networking firm, which has a market value of around NT$50 billion (US$1.57 billion), will soon apply for launching TDRs on the domestic bourse and is expected to begin public trading by the end of this year.
At present, all the TDRs traded on the TWSE are Taiwanese-invested firms. Schive noted some foreign firms listed on the U.S. and Japan will apply for launching TDRs on the TWSE by the end of this year.
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About zy833
i come from china

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