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Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV
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Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV

TNW | Business·Alina Maria Stan·26 days ago
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The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took roughly three-quarters of the deal. Silex Microsystems opened sharply higher on its Nasdaq Stockholm debut on Wednesday, with the chipmaker’s shares climbing in early trade after the IPO priced at SEK 81 a share. The offering had been oversubscribed several times in the bookbuild and was placed almost entirely with institutional cornerstones, leaving little float for retail demand on opening day. The deal raised approximately SEK 1.99bn ($217m) on a 24.6-million-share offering, with the equity valuation at IPO around SEK 8.9bn. The trading symbol is SILEX. Settlement is scheduled for 11 May. Silex describes itself as the world’s leading pure-play MEMS foundry.…

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