Catcher Technology, a Taiwanese manufacturer of aluminium and magnesium die-casting products for computers and mobile phones, has raised $220 million from the sale of its first ever global depositary receipts GDRs.
The deal, which was launched about 5pm Hong Kong time on Wednesday and priced later that night, was upsized by about 5% to facilitate the allocation to a few US funds whose orders came in quite late. However, the company wasn’t too keen to sell more shares unless the price moved up as well, and since the deal priced at the bottom of the indicated range, most of the upsize option was left unused.
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