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.