Vogo, KTB-backed LG Siltron withdraws IPO
LG Siltron, a silicon wafer manufacturer owned by LG Group, Vogo Investment and KTB Private Equity, has abandoned plans to raise at least $275 million through an IPO. The company won listing approval on October 31 but decided not to proceed because domestic and overseas market conditions are unfavorable.
Siltron is a subsidiary of LG Group and the South Korean conglomerate controls 51%. According to AVCJ Research, Vogo and KTB acquired a 43.7% interest in late 2007 from several units of another domestic...
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