Ritdisplay Files for IPO

Taiwanese passive OLED maker Ritdisplay has said that demand for its PMOLED panels has been high this year, and revenue for the first half of 2016 is up 40% YoY to $31.2 million. It is thought that profits in the six-month period could exceed those for all of 2015.

On the back of the news Ritdisplay has issued an IPO and plans to apply for a listing on the Taiwan stock exchange this year. The company is still 75% owned by parent Ritek.