Pre-IPO investors launch GDR offering in Parade Technologies

The fully marketed deal could raise about $123 million based on the current share price and should help broaden the Taiwan-listed chipmaker’s investor base.

Pre-IPO investors launch GDR offering in Parade Technologies
Parade makes display and high-speed interface standards used in computers, consumer electronics and display panels

Taiwan-listed Parade Technologies, a supplier of mixed-signal integrated circuits for computers, consumer electronics and display panels, yesterday launched a fully marketed sale of global depositary receipts GDRs that could raise about $123 million. The GDRs will be backed by secondary shares sold by a group of pre-IPO investors.

Having listed on Taiwan’s GreTai Securities Market as recently as September last year, this will be the first real chance for international investors to...

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