Integrated Microelectronics Inc. said Monday German subsidiary Via Optronics AG filed a registration statement with the United States Securities and Exchange Commission for a planned initial public offering.
IMI said in a disclosure to the stock exchange Via Optronics applied to list its American Depositary Shares on the New York Stock Exchange under the ticker symbol “VIAO”.
It said the number of ordinary shares to be represented by each ADS, the number of ADS to be offered and the price range for the proposed offering would still be determined.
VIA Optronics engaged Berenberg to act as sole bookrunning manager for the proposed offering. Via Optronics, which is 76 percent owned by IMI, is a leading provider of enhanced display solutions for multiple end markets in which superior functionality or durability is a critical differentiating factor.
Its customizable technology is well-suited for high-end markets with unique specifications and demanding environments that pose technical and optical challenges for displays, such as bright ambient light, vibration and shock, extreme temperatures and condensation.