Press releases 2010
London Stock Exchange welcomes first premium listed international chemical
- AZ Electronic Materials raises £383 million
- Company valued at £914.2 million at admission
The London Stock Exchange today welcomed AZ Electronic Materials ("AZ"), a leading global producer and supplier of high quality, high-purity specialty chemical materials, to its Main Market. The company, which raised £383 million at admission, is the first non-UK incorporated chemical company to take a Premium Listing on the London Stock Exchange.
Xavier Rolet, Chief Executive of London Stock Exchange Group, said:
"As the world's most international stock exchange we offer companies from around the world access to a broad and deep investor base keen to support strong global growth stories. AZ's successful road-show and fundraising highlights renewed interest in London for private-equity backed businesses seeking capital from our markets. We are delighted to welcome AZ to the London Stock Exchange, and wish them every success in their life as a public company."
AZ is a leading global producer and supplier of chemical materials used in the manufacture of Integrated Circuits and Flat Panel Displays (FPDs). Its advanced products are integral to the manufacture of a wide variety of electronic devices with both consumer and business applications, including mobile phones, flat screen televisions and computers, as well as having energy conservation, automotive and industrial applications.
AZ's admission takes the total number of IPOs on the Exchange's markets this year to 62, 31 of which have been conducted on the Main Market. In total, IPOs on the London Stock Exchange this year have raised over £6 billion. There are now 19 chemicals companies listed on the Exchange's Main Market, including11 international firms.
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About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at http://www.londonstockexchangegroup.com/.