ProMOS relaunches and prices postponed GDR offering

Recovery in share price allowed for quick return to market; price is fixed at 8% discount after solid demand.

ProMOS Technology last night July 6 completed the follow-on GDR offering that it pulled from the market just three weeks ago, taking advantage of a slight recovery in the share price and positive momentum in the sector following two successful offerings by other memory chip makers over the past one and a half weeks.

The Taiwan DRAM manufacturer raised NT$10.75 billion $333 million from the sale of 100 million global depositary receipts, after an option to issue an...

To continue reading, please login or register for free

Click for more on: gdr | semiconductors | dram | abn amro rothschild | jpmorgan

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...