Elpida starts IPO planning

January 15, 2004 – Elpida Memory has appointed Deutsche Bank and Daiwa SMBC to help it launch a $940 million IPO, which could come later this year, according to a Reuters story.

Elpida, which raised about $1.7 billion in 2003 from 30 investors, including parent companies Hitachi and NEC as well as Intel, wants the funds as part of an aggressive capital spending plan this year.


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