China Steel begins roadshows

The Taiwanese steel giant hopes to steal the limelight from the tech sector.

Joint bookrunners Citigroup and UBS began formal roadshows on Monday for a government divestment in China Steel. Pricing is scheduled for October 16.

Based on the offer filing and current share price of NT$27, the company will raise a minimum of $590 million and maximum of $980 million. These figures are derived from a base deal size of 820 million shares and leeway to lift the offering by 30% to 943 million shares. With the addition of...

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