Singapore-based UTAC Holdings Ltd, a provider of test, assembly and full turnkey services for a wide range of semiconductor devices, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on listing the stock on either the New York Stock Exchange or NASDAQ. UTAC’s backers include Affinity Equity Partners and TPG Capital.
Singapore, 15 July 2015 – UTAC Holdings Ltd (UTAC) today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of American Depositary Shares (ADSs).
UTAC intends to apply for listing of the ADSs on either the NYSE or NASDAQ. The timing, number of ADSs to be offered and the price range for the proposed offering have not been determined.
UTAC does not intend to conduct any marketing activities until an updated prospectus has been filed.
The net proceeds from the offering are intended to be used mainly for debt repayment, as well as for general corporate purposes.
This media release does not constitute an offer to sell or solicitation of an offer to purchase any securities in any jurisdiction.