Semiconductor firm Silex, which describes itself as the world's leading pure-play MEMS foundry, intends to list its shares on Nasdaq Stockholm and conduct a public offering of both existing and newly issued shares. The listing is expected to be finalized during the second quarter, subject to market conditions.

"This is a major milestone for Silex. I founded the company as a PhD project at KTH in 2000. Today, we are the world's leading pure-play MEMS foundry, serving several of the largest global technology companies. With our customer base, pioneering expertise, and state-of-the-art production facility, I believe we are in a strong position to continue expanding our operations and broadening our presence in growing sectors. The decision to proceed with an IPO will further strengthen our position and open new long-term opportunities for us," says CEO and founder Edvard Kälvesten.

The new share issue is expected to raise approximately SEK 1 billion before costs. Cornerstone investors, including Creades, AFA Försäkring, AP funds, and Swedbank Robur, have committed to subscribe for shares totaling up to SEK 1,501 million at a valuation of approximately SEK 8,896 million, representing around 75 percent of the offering.

The company reported net sales of SEK 1,385 million for 2025 with an EBIT margin of 26.5 percent. For the first quarter of 2026, sales amounted to SEK 375 million with an EBIT margin of 34 percent. The average annual growth rate since 2015 stands at 17 percent. Growth in the first quarter was 12.3 percent.

The capital will primarily finance expansion in the US, including the acquisition and redevelopment of a semiconductor fab on the East Coast, as well as a capacity expansion in Järfälla of approximately 35 percent. The total investment in the US is estimated at approximately SEK 1.4 billion.

Following the offering, the main shareholder SMEI is expected to reduce its holding from 45.2 percent to approximately 9.9 percent. Prior to the listing, Bure will acquire shares corresponding to 19.1 percent from SMEI, with the possibility of future divestments following lock-up periods.

Financial Targets
The semiconductor company has adopted new financial targets. The company aims for net sales of SEK 2.5 billion by 2030 and an EBIT margin exceeding 30 percent over the medium term.

The Board also intends to maintain net debt below two times EBITDA and to distribute 20-30 percent of net profit as dividends.

ABG Sundal Collier, Nordea, and SEB are acting as advisors. Avanza and Kepler Cheuvreux are joint bookrunners.