On 30th November, China Securities Regulatory Commission (CSRC) released Opinions on Further Promoting IPO System Reforms . This means the resumption of IPO is in sight, the 13-month waiting is worthwhile. However, the new IPO policies posed great challenge for many enterprises including LED firms, and improved the requirement for listed enterprises.
On the list of 83 CSRC-approved applicants for IPO, 9 of them are of electronic background, including 3 LED firms and one LED Lamp firm. The three LED firms include Shenzhen Absen Optoelectronic Co., Ltd., MLS Lighting Co., Ltd., and Kennede Electronics MFG Co.,,Ltd. And the LED Lamp firm is Zhejiang Youpon Integrated Ceiling Co., Ltd.
The above 4 companies mainly focus on midstream and downstream of the LED industry. If they manage to succeed in IPO, the competition of the LED industry will intensify, especially in the LED Packaging and Application fields. Moreover, both Absen and MLS's main business is LED products, which alarmingly overlap with those already-listed LED enterprises. It is easy to imagine if they manage to enter the stock market together, the "bloodshed" in the midstream and downstream of the LED industry will be more fierce next year.
Analyst predicts $7.4BN market by 2017 and an increased focus on research and development.
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