Innolux seeks over $1 billion from inaugural GDR
The Taiwanese maker of LCD displays and monitors will tap new investors after its shares gain 260% in the 12 months since its IPO.
Innolux Display Corporation has kicked off the roadshow for its first ever issue of global depositary receipts GDRs to raise funding for a new sixth generation plant for the production of thin-film transistor-liquid crystal display TFT-LCD panels.
Based on the current share price, the well-flagged deal could raise as much as $1.35 billion which will make it the largest equity deal by a Taiwanese company this year, aside from the two sell-downs by Royal Philips Electronics in March...
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