AU Optronics prices ADR

Taiwan's largest producer of electronic flat screen panels priced its debut ADR yesterday (Thursday). With Salomon Smith Barney as lead manager, the company issued 500 million primary shares via a 50 million unit deal that priced at $11.57 to raise $578.5 million pre-greenshoe. The shoe for the deal, which represents 17% of the issued share capital, potentially bring a further seven million units.