SemiLEDS files for IPO, registered to raise up to $173 million in shares

SemiLEDs Corporation, which specializes in blue, UV, and green LED chips, has filed for an Initial Public Offering. The firm registered with the U.S. Securities and Exchange Commission to raise up to $173 million in shares.

The firm has a history of 5 years and has booked $29 million in sales for the 12 months ended May 31.And it intends to list on the NASDAQ under the symbol LEDS.

According to the firm, it mainly produces vertically structured, metal alloy-based LED chips. Its LEDs feature vertical structure and copper alloy p-pad, which enables lower forward voltages, and better current spreading for better overall efficiency. Also the design feature a light extraction layer and the thin structure for a directional light output with a Lambertian pattern, enables better optical coupling and maximizes usable light.

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