MStar's Taiwan IPO attracts strong international interest

The integrated circuit design house becomes the first Taiwan company to name an international bank as bookrunner for a domestic listing and to use an international-style roadshow and bookbuilding process to determine its IPO price.

MStar Semiconductor on Friday priced its initial public offering close to the top end of the price range to raise NT$8.4 billion $281 million ahead of a listing in Taipei on Christmas Eve. The deal was well-received and broke new ground as the first Taiwan IPO to target international investors with a roadshow to both London and the US, in addition to Taipei, Hong Kong and Singapore, and to use an international-style bookbuilding process to determine the final...

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