International expansion IPO for SemiLEDS

International Expansion follows certain international industries, including the emerging LEDS conversion. 

SemiLEDS IPO -- Funding Global Expansion

Technically, SemiLEDS is incorporated in Delaware, but the U.S. only accounted for 3.9% of total fiscal 2010 revenue. With established manufacturing facilities in Taiwan and upcoming expansion efforts in China, SemiLEDS' core market is Asia accounting for 75.9% of fiscal 2010 revenue.

Bank of America Merrill Lynch will be taking the lead on this relatively new, Taiwan-based semiconductor company, pricing 5.25 million common shares, with all of the proceeds returning to the company for future growth initiatives.

There has been a global push to phase out incandescent light bulbs as many governments implement stricter efficiency requirements, including China's LED street lighting plan, which calls for 1 million LED street lights to be installed by the end of next year. Additionally, CFLs have gained popularity in the home as costs have declined for these energy-efficient bulbs. But they are not without fault, leaving the door open for additional applications of LED technology.

Holding an industry leading position based on lumens per watt as well as cost per lumen basis is SemiLEDS, a company well-positioned to benefit from this shift in consumer preferences, especially in China.

ht-emitting diode (LED) (pronounced /ˌɛl iː ˈdiː/, L-E-D^[1]) is a semiconductor light source. LEDs are used as indicator lamps in many devices, and are increasingly used forlighting. Introduced as a practical electronic component in 1962,^[2] early LEDs emitted low-intensity red light, but modern versions are available across the visible, ultraviolet and infraredwavelengths, with very high brightness.http://en.wikipedia.org/wiki/Light-emitting_diode