Hitachi Global Storage Technologies (HGST) IPO By Year End

Hitachi Ltd (6501.T) is planning an initial public offering of its hard-drive unit in the United States, possibly by year’s end, sources ...

Hitachi Ltd (6501.T) is planning an initial public offering of its hard-drive unit in the United States, possibly by year’s end, sources familiar with the situation said.

The hard-drive unit, Hitachi Global Storage Technologies (HGST), is the world's No. 3 hard drive maker and analysts said it could be valued at about $3 billion, based on its revenue over the last 12 months and the value of its main competitors, Seagate Technology Plc and Western Digital Corp .
 
Although an IPO is the most likely scenario, Hitachi is also considering a sale of all or part of HGST, several sources said...

Source By Webpoori

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