Taiwanese laptop and LCD panel manufacturer Wistron returned to the market last night raising $223.5 million from a global depositary receipt GDR follow-on that it had pulled before pricing on Friday. The relaunched deal is the largest equity deal with an international component from Taiwan year-to-date -- although activity has been rather thin with only one other GDR so far.
Sources say the bookrunners had compiled sufficient demand to complete the deal on Friday, but the company wasn't happy with the price and chose to wait for a better opportunity. The deal was launched on the back of a NT$49.65 close in Wistron's Taiwan-listed stock on Thursday, but the stock tumbled 5.8% on Friday...
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