Infinova, a video surveillance manufacturer, listed its IPO on the Chinese Stock Exchange
Infinova announced that shares of Infinova, one of the world's leading video surveillance systems manufacturers, were successfully listed on the Chinese Stock Exchange on December 24, 2010. Infinova will use the (US) $300 million to grow both organically and through acquisitions. As of today, the market value of Infinova is (US) $1.2 billion.
With company headquarters in Monmouth Junction, New Jersey, in the United States, the Initial Public Offering (IPO) was placed on the Chinese Stock Exchange because it is one of the top IPO markets globally. PricewaterhouseCoopers expects to see (US) $60 billion raised in China in 2011. "We look forward to strengthening our global position as the integrator's manufacturer," avows Dr. Jeffrey Liu, Infinova CEO. "As a result of this IPO, Infinova can even better support our integrators and partners by delivering video systems that meet their customers' business needs."
The (US) $300 million proceeds from the IPO will help Infinova to expand its global vision, advance global marketing and strengthen the Infinova brand. In parallel, Infinova will enhance research and development to bring more new video breakthroughs. Through organic growth and acquisitions, Infinova's business is expected to expand explosively.
Infinova will use the (US) $300 million to grow both organically and through acquisitions
For many years, Infinova has delivered core equipment for video control rooms, megapixel, IP and analogue surveillance cameras, specialised cameras, fiber optic communications products and customised systems to high profile customers throughout the world. Some major projects include the Port of Miami, the Panama Canal, Romania's Petromidia refinery, the Bangalore (India) toll surveillance system, the Abu Dhabi National Exhibition Centre (ADNEC), Kuwait International Airport, the 2010 Asian Games, Chile's private jail system, Shanghai 2010 World Expo, the Los Angeles MTA, Melbourne's iconic West Gate Bridge (Australia) and many others.
"By leveraging our manufacturing process, certified to ISO 9001:2008 standards, and with over 290 R&D engineers creating a list of video industry firsts, our channel partners can continue to expand their businesses knowing that we will respond," asserts Liu.