By Polly Raymond, 14 March 2000 14:13
NEWS Siemens chip subsidiary, Infineon Technologies, has floated on the Frankfurt and New York stock exchanges in what it has described as Germany's largest technology IPO. The IPO, which was oversubscribed 33 times, could take Infineon, once a loss-maker, into the DAX index which lists Germany's top 30 blue-chip stocks. Dr Ulrich Schumacher, president and CEO of Infineon, said the flotation had surpassed the company's own expectations and those of its bankers.
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