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Infineon pegged for October IPO

Siemens' semicon division to go public once full-year results are in

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Siemens' semiconductor operation, Infineon, is now ready to launch its IPO, company executives said yesterday. The timing of the issue is yet to be decided, but Infineon finance director Peter Fischl said the company is geared up to make its IPO in October. That would follow the end of the company's first fiscal year as a spin-off, ending 30 September. The results the Infineon posts will be crucial to the success of the IPO. And given the IPO is Siemens' payback for all the money it has poured into its semiconductor division, it clearly wants to ensure the issue, which analysts have valued at up to ten billion euros ($9 billion). Infineon has yet to record a profit, though CEO Ulrich Schumacher was "cautiously optimistic", according to reports on newswires, that the company will come close to breaking even. Schumacher also said the IPO was key to establishing Infineon as an entity in its own right, separate from Siemens. ®

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