Hynix: fab-lite demand for equity offering

Jumbo equity offering completed, though demand fails to ramp up as markets stall.

A 104 million share offering for Korean chip manufacturer Hynix Semiconductor was priced after Seoul's close yesterday October 26 raising $1.9 billion for the company's bank creditors. The sale of a 23.4% stake was described as a struggle, but eventually came together on the final day of the bookbuild after the leads incorporated a relatively generous discount to counter poor market conditions.

Hynix has not had much success timing recent capital markets deals. Back in July...

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