Infinova today announced that shares of Infinova were successfully listed on the Chinese Stock Exchange on December 24, 2010. Infinova will use the USD 300 million to grow both organically and through acquisitions. As of today, the market value of Infinova is USD 1.2 billion. With company headquarters in Monmouth Junction, New Jersey, in the United States, the Initial Public Offering (IPO) was placed on the Chinese Stock Exchange because it is one of the top IPO markets globally. PricewaterhouseCoopers expects to see USD 60 billion raised in China in 2011.
"We look forward to strengthening our global position as the integrator's manufacturer," avows Dr. Jeffrey Liu, Infinova CEO. "As a result of this IPO, Infinova can even better support our integrators and partners by delivering video systems that meet their customers' business needs."
The USD 300 million proceeds from the IPO will help Infinova to expand its global vision, advance global marketing and strengthen the Infinova brand. In parallel, Infinova will enhance research and development to bring more new video breakthroughs. Through organic growth and acquisitions, Infinova business is expected to expand explosively. "By leveraging our manufacturing process, certified to ISO 9001:2008 standards, and with over 290 R&D engineers creating a list of video industry firsts, our channel partners can continue to expand their businesses knowing that we will respond," asserts Liu.
