IQE plc (GB:IQE) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
IQE plc, a leading supplier of compound semiconductor wafer products, has announced its intention to take its Taiwanese subsidiary public on the Taiwan Stock Exchange. The strategic move aims to sell a minority stake while retaining control, with the IPO’s proceeds funding the Group’s growth strategy, particularly in GaN Power markets. Preparations for the IPO are in progress, with an initial listing on the Emerging Market Board projected for the first half of 2025.
For further insights into GB:IQE stock, check out TipRanks’ Stock Analysis page.