Catcher Technology sells $220 million of GDRs

The Taiwanese supplier to Apple prices its GDRs at a 5% discount versus its domestic shares after gaining 15% in the past five sessions.

Catcher Technology sells $220 million of GDRs

Catcher Technology, a Taiwanese manufacturer of aluminium and magnesium die-casting products for computers and mobile phones, has raised $220 million from the sale of its first ever global depositary receipts GDRs.

The deal, which was launched about 5pm Hong Kong time on Wednesday and priced later that night, was upsized by about 5% to facilitate the allocation to a few US funds whose orders came in quite late. However, the company wasn’t too...

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