LEDs + Lighting

Global Lighting Tech. Initial Public Offering

15.35 million shares offered on TWSE

Published

13 years ago

September 9, 2011

Robin Donovan Signs of the Times September 2011 Issue

Global Lighting Technologies Inc. (Brecksville, OH) helds its initial public offering on the Taiwan Stock Exchange (TWSE) July 28. The IPO totaled 15.35 million shares; each share sold for NT $50 (approximately $1.77 USD). The offering was made by GLT executives, including Mang-Shiang Lee (chairman), C.L. Wang (general manager) and Johnny Tsai (vice president). The company reported $3.08 billion in revenue in 2010.

GLT was established in 2000 by combining the assets of Shanghai Electronic Technology Corp. Ltd. and Suzhou Shinny Plastics Co. Ltd. with Lumitex Inc.’s (Cleveland) research and development department. Today, GLT has four manufacturing facilities abroad and offers LED edge lighting, light-extraction technology and other LED-based products for clients including Sony, Samsung Electronics, Hitachi and Toshiba.

Related Topics:LEDs + Lighting September 2011

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