Networking company Allied Telesyn will float on the US stock exchange within a year.
Takayoshi Oshima, founder and chairman of the company, said the reason was to attract investment money to expand the company. "We are still a private company but much larger than most quoted IT businesses," he said. "We had remained private to control our own destiny and now we have a near term plan to go public."
Oshima said that the company, which has one manufacturing plant in Singapore and four in mainland China, also intended to expand its production facilities. "We do intend to have a manufacturing facility in the US, Japan and also in Europe," he said.
The company wants to grow its market share in Europe, he said. Although its worldwide turnover is at present evenly split between Asia, the US and Europe, ATI has a goal to grow turnover in Europe to $50 million by 2000.
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