Sunplus GDR connects with investors

Taiwan''s largest IC design house has taken a first step towards its end goal of becoming a global player.

Books for a 17.5 million GDR offering were said to have closed yesterday Thursday four times oversubscribed. With UBS Warburg as lead manager, the company priced its combined primary and secondary deal within an indicative 0% to 10% discount range at $9.57 per GDR, securing an 8.28% discount to an underlying close of NT$169, or a 6.36% discount to a 30 day average of NT$165.53.

The $167.48 million deal comprised 10 million units of primary...

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