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Acer Labs to IPO next week

Shares to list at US$2.14

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Taiwanese magazine Eurotrademag is reporting that ALi will float on the Taiwanese market on the 13 September. At the same time, ALi has revised its profit forecasts upwards, on the basis of more buoyancy in the chipset market. ALi's share capital is $49 million, but pre-IPO, 84 million shares have already been issued and paid for. The company said it expects to realise $128 million in turnover for its current financial year, with gross profits up to $9 million from $4 million. Earlier this week, SiS and Via both said they would vastly increase their share of the chipset market in the next two years, at the expense of Intel. ALi is in a similar business. ®

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