Taiwan’s TPV Holdings Ltd, the world’s fourth-largest maker of computer monitors, has launched an initial public share offering ahead of dual listings on the Singapore and Hong Kong stock markets. TPV said the offer has been fully subscribed and it expects to raise about $45m from the placement. The company’s primary listing will be in Hong Kong, with the secondary listing in Singapore.
Company chairman Jason Hsuan said the funds raised will be used to buy new equipment to enhance production capacity and efficiency. He said the company also plans to develop and market a new range of monitors as well as internet-related products which will require significant investment in research and development. He said the company will particularly focus its sales efforts on capturing a larger market share in high growth markets such as China, India, South America and Eastern Europe.
