 Merida has been a publicly traded company on the Taiwanese stock exchange since 1992 and is valued as of 2012 at approximately £350 million, making it one of Taiwan's largest companies.The name "Merida" derives roughly from the translation of its three syllables "ma-ri-da", which mirror the company's goal to manufacture bikes that enable the customer to reach their destination.The original Merida factory was organized after the Raleigh Nottingham factory as the company began by making Raleigh bikes for the North American market.