Xuming Optoelectronics landed on Rasdaq for the first day of listing 51.53%

Taiwan's Sunlights (Semi LEDs Corp.) landed on Nasdaq on Thursday, opening at $24, up 41% from the issue price; its share price continued to rise, closing up 51.53% to close at $25.76.

Previously, the issue price was announced at US$17, which was higher than the previously announced issue price range of 14.50-16.50 USD. The IPO issued 5.25 million ADSs and raised nearly $90 million.

Founded in 2005, Xuming Optoelectronics is principally engaged in the manufacture and development of LED epitaxy, chips and packages; revenue for the past 12 months was $29 million.

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