An undisclosed institutional shareholder raised about W377.5 billion $356 million from the sale of preference shares in Samsung Electronics after the market closed on Thursday.
The deal, which came the day after the Korean manufacturer of semiconductors and consumer electronic products outlined its long-term strategy at an analyst day, was initially launched at a size of about $250 million. On the back of strong demand, it was later upsized by 40% to about $350 million and, once it priced, the final size ended up slightly above that.
In addition to the enlarged size, the bookrunner was also able to fix the price at the top of the...
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