Qimonda AG (Munich, Germany) will start out as Infineon’s wholly-owned memory subsidiary on May 1, before being spun off from its parent. Ziebart, speaking during a webcast press conference from Munich held to introduce Qimonda argued that a Taiwan listing would make more sense than a German one.

Ziebart went into some detail about Infineon’s thinking on an initial public offering of shares in the memory company, but also repeated many times that while an IPO remains the favored option a decision has yet to be taken by the Infineon supervisory board. Because of this there could therefore be no indication of timing for the IPO. Previously Infineon had said that an IPO was expected to take place in the second-half of 2006.

Ziebart discounted Germany as a location for a listing saying that there are no similar companies to Qimondo listed on German markets. Ziebart then used the same logic to speak in favor of a listing in Taipei, Taiwan, where a number of memory manufacturers are either already listed or are planning IPOs. He said that having a number of similar companies listed would favor fair comparisons by brokers.

However, Ziebart’s arguments are at odds with a report that surfaced in German media on which suggested that shares in the new company would be traded in New York, either on the New York Stock Exchange, where Infineon is listed, or on Nasdaq.

By: DocMemory
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