AZ Electronic Materials Plans Initial Stock Offer | Chemical & Engineering News
 
 
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Web Date: October 7, 2010

AZ Electronic Materials Plans Initial Stock Offer

Specialties: Electronic chemicals maker hopes to raise $400 million
Department: Business
Keywords: electronic chemicals, photoresists, IPO

Taking advantage of rapid recovery in the consumer electronics market, specialty chemicals maker AZ Electronic Materials plans to make an initial public offering (IPO) of stock on the London Stock Exchange. The company expects to raise $400 million in the process.

AZ started out as part of the German chemical maker Hoechst, where in 1957 it developed the first positive photoresist for integrated circuit manufacturing. In 1997, Hoechst sold AZ to the specialty chemical . . .

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