VIA optronics AG, an enhanced display solutions provider in Germany, has filed Amendment No. 1 to Form F-1 Registration Statement on September 21, 2020 with U.S Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $100 million by offering 6.3 million shares at the price range of $15 to $17. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $282 million.
The company is a provider of enhanced display solutions such as a curved display panel and touch screen. The company claims that its products have a critical differentiating factor in terms of functionality and durability. Their products support thin display assemblies and high optical clarity, which decreases power consumption and increases readability.
The Nuremberg, Germany-based company was founded in 2005 and booked $156 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol “VIAO.” Berenberg is the underwriter of the IPO.
The company engages Dechert LLP as US Securities Counsel, and Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft as Independent Auditor.
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