Wednesday, July 19, 2006
Infineon Technologies AG aims to raise about 1 billion euros (about $1.25 billion) through an IPO of its memory unit, Qimonda AG, according to local reports.
German finance newspaper reported Wednesday (July 19) that Infineon would initially sell 25 percent of Qimonda shares, thus maintaining a majority stake in the memory maker.
The report quoted Frankfurt financial sources, saying that Infineon is aiming to raise about 1 billion euros. This would determine Qimonda's total value at 4 billion euros (about $6 billion).
By: DocMemory
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