IQE plc (GB:IQE) has released an update.
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.
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