Renaissance Capital logo

Cashing in the chips: UTAC Holdings files for a $350 million IPO

July 15, 2015

UTAC Holdings, which provides assembly and test services for a broad range of semiconductor chips, filed on Wednesday with the SEC to raise up to $350 million in an initial public offering.

The Singapore-based company, which was founded in 1997 and booked $860 million in sales for the 12 months ended December 31, 2014, plans to list on the NASDAQ under the symbol UTAC. BofA Merrill Lynch, Citi and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.