Quanta Display prices debut GDR

Books are closed early on the back of strong demand.

Lead manager Lehman Brothers completed a $269.8 million GDR for Taiwanese flat panel manufacturer Quanta Display Industries QDI yesterday Thursday. Roadshows were originally scheduled to run for a week-and-a-half, but after building an order book of just over $1 billion within the first day, the company decided to accelerate the deal and price early.

A total of 26.1 million GDS units were priced at $10.34, representing an 8.08% discount to the stock's NT$19 close in Taiwan....

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