Feeds

Apple's liquid-crystal screen pusher mulls $2bn IPO – report

Japan Display: Surfing the stockmarket? No comment

Eight steps to building an HP BladeSystem

Tokyo-based Apple supplier Japan Display is reportedly considering an initial public offering which could raise up to $2bn.

The firm makes screens for the iPhone 5C as well as the 5S. It was created by a government-backed fund which integrated screen-making businesses spun off from Japanese firms Sony, Toshiba and Hitachi after they struggled to compete with South Korean tech behemoth Samsung in the display arena.

The gov-backed vehicle, Innovation Network Corporation of Japan, now owns 70 per cent of the company, while Sony, Toshiba and Hitachi were each given just under 10 per cent.

Unnamed sources told the Wall Street Journal about the possible IPO, which is expected to take place by March next year. The company is expected to achieve a market valuation that could be as high as $8bn, according to reports.

The display manufacturer employs some 6,200 workers and owns five factories in Japan and a further five in other countries.

So far, the Japanese firm has stayed tight-lipped on the IPO rumours.

In a statement, it said: "Japan Display Inc (JDI) wishes to make clear that today’s media reports concerning JDI’s plan to list its stock are not based on any statement made by JDI.

"JDI currently has nothing specific to announce relating to the subject matter of the media reports referred to above." ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.