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IMI’s German unit plans ADR IPO

VIA optronics AG, a 76 percent-owned German subsidiary of the Ayala group’s Integrated Micro- electronics, Inc. and a leading supplier of enhanced display solutions, is planning an initial public offering of American Depositary Shares (ADRs) in the US.

In a disclosure to the Philippine Stock Exchange, IMI said it has filed a Registration Statement with the U.S. Securities and Exchange Commission relating to a proposed IPO of its ADSs representing ordinary shares in the capital of VIA.

 “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 have not yet been determined,” said IMI.

VIA has applied to list its ADSs on the New York Stock Exchange under the ticker symbol VIAO. Berenberg will act as sole bookrunning manager for the proposed offering.

VIA 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 as well as demanding environments that pose technical and optical challenges for displays, such as bright ambient light, vibration and shock, extreme temperatures and condensation.

VIA’s Interactive Display Systems combine system design, interactive displays, software functionality, cameras and other hardware components.

The firm’s intellectual property portfolio, process know-how, and optical bonding and metal mesh touch sensor and camera module technologies provide enhanced display solutions that are built to meet the specific needs of its customers.

IMI is a leading global technology and manufacturing solutions expert, the manufacturing arm of AC Industrial Technology Holdings, Inc., a wholly-owned subsidiary of Ayala Corp. It ranks among the top 

20 EMS providers in the world based on 2019 revenues (Manufacturing Market Insider).

 In the automotive market, it is the 6th largest EMS provider in the world per New Venture Research.


Source: Manila Bulletin (https://mb.com.ph/2020/09/07/imis-german-unit-plans-adr-ipo/?utm_source=rss&utm_medium=rss&utm_campaign=imis-german-unit-plans-adr-ipo)

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