OLED developer Novaled AG withdraws IPO

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Novaled AG, which provides doping technology and materials to OLED manufacturers, withdrew its plans for an initial public offering on Friday, follow its August announcement that it would be acquired by Samsung. The Dresden, Germany-based company was founded in 2001 and booked $37 million in sales for the 12 months ended June 30, 2012. Goldman Sachs and Deutsche Bank were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs


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