German media exposure Osram intends to transfer company IPO listing to take another step

August 22, 2019

[High-tech LED News] According to German media reports, Wolfgang Dehen, CEO of Siemens AG, a lighting company in Germany, said in a letter to colleagues that the company plans to switch to a publicly-listed company limited by German law. It will take effect in the coming weeks after completion, a move to prepare for this year's initial public offering (IPO).

At present, Siemens has not announced the exact time of the IPO except for the fact that OSRAM will be listed in the fall.

In response to OSRAM accusing South Korea's Samsung Electronics and LG of infringing its LED patent rights, the US International Trade Commission (ITC) has publicly announced the acceptance of the case and investigated Samsung and LG's LED products involving infringement.

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