Wistron raises $223.5 million from relaunched GDR

The Taiwanese maker of laptops and LCD panels comes at a tight discount, but is able to get a better price than it would have last week following a 7% bounce in the share price yesterday.

Taiwanese laptop and LCD panel manufacturer Wistron returned to the market last night raising $223.5 million from a global depositary receipt GDR follow-on that it had pulled before pricing on Friday. The relaunched deal is the largest equity deal with an international component from Taiwan year-to-date -- although activity has been rather thin with only one other GDR so far.

Sources say the bookrunners had compiled sufficient demand to complete the deal on Friday, but the company wasn't happy with...

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