"You may not have heard of Japan Display Inc., but the Tokyo-based company is a supplier of displays used in Apple Inc.’s iPhone 5S and iPhone 5C.
People familiar with the matter told The Wall Street Journal Friday the Japanese company is planning to go public,aiming to raise $2 billion. The IPO is expected to occur by March on the Tokyo Stock Exchange and value it at about $7 billion.
Japan Display, which began operations in 2012, was created out of a three-way merger among the display operations of major Japanese electronics makers – Sony Corp., Toshiba Corp. and Hitachi Ltd. Its current owner is Innovation Network Corp. of Japan, a government-backed investment fund, which invested about 70% in Japan Display when the merger took place. Sony, Toshiba and Hitachi hold a little less than 10% each".
Source:WSJ
