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SemiLEDs Corporation (LEDS) |
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WIKI ANALYSIS
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
SemiLEDs Corporation (NASDAQ:LEDS) makes and sells LED chips and components. The company sells its LEDs generally for general lighting such as street lights and commercial, industrial and residential complexes. SemiLEDs manufactures its products in Taiwan and has three joint ventures located in China, Malaysia, and Taiwan. The company has a number of patents which allow it to build thinly layered LEDs that have a greater efficacy than standard LEDs.[1]
SemiLEDs expects that the market for LEDs will continue to grow rapidly over the next decade due to increased awareness of the benefits of LEDs and greater government policies which discourage the use of traditional lights. The market for LEDs for general lighting was approximately $665M in 2009. Strategies Unlimited, a market research firm, believes that the market will grow to $4.3B by 2014. This corresponds to a 45% compounded annual growth rate.[2]
The company's initial public offering of stock on the NASDAQ occurred on December 8, 2010. The company offered 5.25M shares each for $17 each. This offering lead to a total of $89M raised through the IPO. This was above the company's initial price range of $14.5 - $16.5. The lead underwriters of the deal were Bank of America, Barclays (BCS), and Jefferies Group (JEF).[3]
SemiLEDs total revenue rose to $36M in 2010, a 200% increase over its 2009 revenue figure of $12M. The company's net income was $11M in 2010 which was a strong increase from its 2009 net loss of $4M. [4]
References
- ↑ LEDS S-1/A 2010 PROSPECTUS SUMMARY "Company Overview" pg 1
- ↑ LEDS S-1/A 2010 PROSPECTUS SUMMARY "Industry Background" pg 2
- ↑ Renaissance Capital - IPO Home "SemiLEDs prices IPO at $17, above the range" 9 Dec 2010
- ↑ LEDS S-1/A 2010 PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 9
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