Patty Wang, Taipei; Jessie Shen, DIGITIMES [Tuesday 12 March 2013]
Scientech, a Taiwan-based distributor of semiconductor equipment, started trading on the main board of the Taiwan Stock Exchange (TSE) today (March 12). Its share price opened at NT$55 (US$1.85) and rallied to close at NT$63.10, up from the initial offering price of NT$36.
In addition to equipment distribution, Scientech supplies its in-house developed and produced front-end chip equipment to customers, mostly foundries. Scientech is looking to substantially raise the sales ratio for its in-house produced equipment, the firm remarked previously.
Scientech is also one of Taiwan's major providers of wafer reclamation services for 12-inch wafers, with Taiwan Semiconductor Manufacturing Company (TSMC) being one of its major clients, according to industry observers. To satisfy customer demand, Scientech is set to expand its capacity for 12-inch wafer reclamation services to 110,000 units monthly in the second quarter of 2013, the observers indicated.
Combined monthly capacity at Taiwan's providers of wafer reclamation services is estimated at about 250,000 units at present, said the observers, adding that the current supply has fallen short of demand.
In other news, Scientech has announced revenues of NT$446 million for the first two months of 2013, up 55.6% from a year
Interesting post Caff. Let me elaborate as I have a little additional info. The intial IPO price was annouced a few weeks ago at $32. The share price immendiately jumped to about $43 and then into the 50's!! This with an annouced IPO price of $32!!..Eventually the IPO went off at $36 and as Caff reported it open at $55 and closed at $63. This for a company many times smaller and less know that IMOS. That is why I keep the mantra of a great risk/reward play.
Frankly, it looks like Scientech's stock soared because they reported y-o-y revenue growth of 55.6% for the first two months of the year. They could have traded on an exchange in Peoria and seen the stock run up with news like that.