Lextar, the LED subsidiary of AU Optronics Corporation (AUO), plans to launch its IPO with a stock price of NT$ 17 on September 29th. The considerable growths in both lighting product business and penetration rate contribute to Lextar’s revenue outperformance in 2H11 compared to 1H11.

Lextar is a LED manufacturer that vertically integrates upstream chips and packages and downstream light sources and light products. The company’s business in the panel sector accounts for 70% of its total revenue. Lextar’s parent company AUO is its biggest account, taking up 70% of its shipment.

David Su, Ph.D., the Chairman of Lextar, is optimistic about the prospects of the lighting market. Lextar’s vertically integrated business model can strengthen its cooperation with global major companies. The company will continue placing emphasis on the OEM business and endeavor to make inroads into the light market. At present, the Japanese market takes up 50% of its business.