With the order book closing two-and-a-half times oversubscribed on pricing Wednesday, lead manager Goldman Sachs decided to upsize the deal by 20%.
A total of 120 million shares were sold, of which 100 million constituted primary shares and 20 million secondary shares. Pricing was settled at NT$40 representing a 6.32% discount to spot, or a 1.08% discount to the company's outstanding GDR, trading at a $6.6 level.
Raising $145 million, the deal also incorporates a 15 million share greenshoe and syndicate members ABN AMRO, Grand Cathay and WI Carr. Geographically, observers reported that 46% of the deal went to the US, 32% to Asia and 22% to...
