X-FAB to IPO tomorrow

X-FAB will IPO tomorrow on Euronext Paris. The price range is €8-10.50 per share.

X-Fab XP018

Based on the price range, the size of the IPO will range between €440 million and €492 million and the implied market capitalisation of X-FAB will range between €1,046 million and €1,295 million.

X-Fab is majority-held by its Belgian founders, including CEO Rudi De Winter.

X-FAB is one of the world’s leading speciality foundry groups for analogue/mixed-signal semiconductor technologies.

The initial size of the offer will consist of (i) the sale of such number of newly issued ordinary shares as is necessary to raise gross proceeds of €250 million and (ii) the secondary sale of shares by the Selling Shareholders of up to 18,750,390 existing shares, for an amount of up to €197 million

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