Yesterday it was reported that Japan Display is planning to raise ¥200 billion (around $2 billion USD) in an IPO on the Tokyo Stock Exchange. JDI will be valued at around ¥700 - $800 billion ($7 to $8 billion USD) and will use the money to invest in new capacity and OLED technology.
JDI was formed in November 2011 by Sony, Hitachi, and Toshiba who combined their small/medium panel production capabilities and received $2 billion from Japan's Innovation Network Corp (INCJ). The company is currently the largest small/medium display producer and reportedly supplying displays to Apple an Google among others.
