UTAC News

In the shortened Thanksgiving week, the US IPO market saw barely any activity, with a number of launches expected for the next week. The broader market continues to be supportive, with the Dow reaching an all-time high of 19,000 and the S&P 500 extending its post-election rally.

UTAC Holdings, which provides assembly and test services for a broad range of semiconductor chips, withdrew its plans for an initial public offering on Friday, citing unfavorable market conditions. It originally filed in July 2015 with a proposed deal size of $350 million.  Peers Siliconware Precision Industries (Nasdaq: SPIL) and Amkor Technology (Nasdaq: AMKR) have had...read more

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...read more

United Test & Assembly Center, a Singapore-based company which offers independent semiconductor testing and assembly services, cancelled its IPO Wednesday citing unfavorable market conditions. Morgan Stanley Dean Witter was the lead underwriter for this deal....read more