LGP blazes new record for Asian tech

LG Philips LCD completes the largest ever tech deal from non-Japan Asia.

Korean TFT-LCD producer LG Philips LCD has executed its most successful international capital markets transaction to date, raising $2 billion via a concurrent ADR and common share offering yesterday July 21. The deal represents Asia's largest equity deal so far this year, Korea's largest equity deal to date and Asia's largest tech deal to date.

Thanks to a $6 billion order book packed with over 200 investors, the deal could also be priced relatively...

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