Novaled, a tiny German high-tech lighting company, aims to list shares on the Nasdaq in coming months and has mandated Deutsche Bank and Goldman Sachs to prepare the flotation, two people close to the matter told Reuters.
"Planning is under way," a spokeswoman for the Dresden-based group said on Monday, adding that an initial public offering was one of the possibilities to access fresh money for growth and let venture capital groups exit.
Deutsche Bank and Goldman Sachs declined to comment.
Novaled specialises in so called organic light-emitting diodes (OLEDs), which are semiconductors made of layers of thin organic material seen as having big potential in display technology and new lighting products.
Novaled's OLEDs can be applied to large and even moving surfaces without consuming much energy. However, industrial scale production techniques are still at an early stage.
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