AAEON goes public on the Taiwan Stock ExchangeVivien Wang 2017-08-21
Taiwanese industrial PC manufacturer AAEON, an ASUS associate company, has launched an initial public offering (IPO) on the Taiwan Stock Exchange.
(Taipei, Taiwan) Taiwanese industrial PC manufacturer AAEON, an ASUS associate company, has launched an initial public offering (IPO) on the Taiwan Stock Exchange.
Following the announcement of a successful placing on the 27th of July, AAEON entered its ordinary shares onto the market on 21st August, trading under stock code 6579.
“Today’s admission marks a significant milestone in the growth of the AAEON brand,” said YS Chuang, AAEON’s chairman. “With our unwavering focus on excellence in providing dynamic and smart solutions for the Internet of Things along with the industrial PC market, AAEON has a very exciting position in the fast-growing sector of Industry 4.0.”
AAEON showcased strong growth during the past three fiscal years, ringing in a 28.2% growth rate in revenue in 2016 that marked the third consecutive year of accelerating growth, along with an all-time record for revenue of NTD 5.7 billion.
“As a leading manufacturer and developer of IoT solutions, the Company has a number of clear and exciting growth opportunities and objectives, both domestically and internationally,” said Chi-Chang Chen, CEO of Yuanta Securities. “On behalf of Yuanta, we are happy to be part of this exciting new phase of AAEON’s development. The future lies in smart tech, cloud computing and the Internet of Things, and AAEON has optimized and consolidated all of these in their industrial computing products, and made them more accessible and personable.”
Established in 1992, AAEON is one of the leading designers and manufacturers of professional intelligent IoT solutions. Committed to innovative engineering, AAEON provides reliable and high quality computing platforms, including industrial motherboards and systems, industrial displays, rugged tablets, embedded controllers, network appliances and related accessories, as well as integrated solutions. AAEON also has the hardware and services for premier OEM/ODMs and system integrators, worldwide. Being an Associate Member of the Intel® Internet of Things Solutions Alliance, AAEON offers customized end-to-end services from the initial product conceptualization and board product development to mass manufacturing and after-sales service programs.