SemiLEDS Corporation, a provider of LED chips and components to customers in China, Taiwan and Korea, announced terms for its IPO on Monday. The Taiwan-based company plans to raise $81 million by offering 5.25 million shares at a price range of $14.50-$16.50. At the mid-point of the proposed range, SemiLEDS Corporation will command a market value of $416 million. SemiLEDS Corporation, which was founded in 2005 and booked $29 million in sales for the 12 months ended May 31, plans to list on the NASDAQ under the symbol LEDS. BofA Merrill Lynch, Barclays Capital and Jefferies & Co. are the lead underwriters on the deal, which is expected to price during the week of December 6.