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Wacker confirms IPO for Siltronic

7:32 AM MDT | May 22, 2015

Wacker Chemie says that its subsidiary, Siltronic, the third-largest producer of hyperpure silicon wafers for the semiconductor industry, is preparing for an initial public offering in the regulated market of the Frankfurt Stock Exchange. Wacker said earlier this year that it was evaluating options for Siltronic, including a stock market listing. Siltronic plans, as part of the offering, to issue new shares in a capital increase. Wacker also intends to sell existing shares. The shares will be offered publicly in Germany and Luxembourg to private and institutional...

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