Chartered Semiconductor launches equity smash

Chartered Semiconductor has launched a secondary share sale of new and existing shares to raise $1.8 billion.

Chartered Semiconductor, the Singaporean computer chip manufacturer, today launched a massive new equity issue.

The sale is a combination of new shares issued by the company and existing shares held by the government and various customer shareholders.

The sale hopes to raise some $1.8 billion, which represents some 15.68% of the fully diluted issued share capital.

There is a 15% over-allotment option or greenshoe included in the deal as well.

The...

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