Tech firm Silex Microsystems announced earlier today its plans for an IPO on Nasdaq Stockholm during the second quarter, aiming for a listing before mid-year. Neither a prospectus nor a formal offer has been finalized yet.
The company is valued at SEK 8.9 billion. Major shareholders include Bure, Creades, Thomas von Koch, and Martin Gren, according to a commentary published Tuesday by Affärsvärlden's IPO guide.
Silex is an advanced pure-play foundry for MEMS (micro-electromechanical systems) components. Operating out of a production facility in Järfälla, Silex reported a 15 percent share of the global MEMS market in 2024.
Its client base spans nearly every conceivable sector, including telecommunications, consumer electronics, automotive, medtech, industrial applications, as well as defense and aerospace.
Comparable peers in the sector include Mycronic (semiconductor equipment), Norbit (sensor-focused electronic components), Teledyne (a major player in MEMS manufacturing), and X-Fab (also a MEMS manufacturer).
"On the whole, Silex is valued in line with these companies. In terms of growth and profitability, Silex is well-positioned relative to its competitors," the publication noted.
Affärsvärlden will provide a detailed review and analysis ahead of the listing.
Creades publ AB is a Sweden-based investment company. The Company invests in small and medium-sized Swedish companies with objective to create value through development and restructuring. As of February 22, 2012, the Company’s portfolio consisted primarily of listed shares (60%) and unlisted shares (30%). As of February 21, 2012, the Company’s portfolio included shares of such listed companies, as Avanza Bank (29%), Concentric (8%), Haldex (7%), Bilia (6%), Lindab International (4%), eWork Scandinavia (3%), as well as such unlisted companies, as Carnegie (12%), Klarna (6%), GLOBAL Betterier (3%) and Acne Jeans (3%), among others. As of December 31, 2011, the Company was a wholly owned subsidiary of Investment AB Oresund. In July 2013, 30% of the Company's net asset value was transferred to Sedarec AB.
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