AU Optronics raises $325 million from ADR sale

The deal came after a sharp bounce in the share price and was priced at a 10% discount before the start of the US trading session last night.
<div style="text-align: left;">
AU Optronics: Taiwan’s leading manufacturer of TFT-LCD panels</div>
<div style="text-align: left;"> AU Optronics: Taiwan’s leading manufacturer of TFT-LCD panels</div>

AU Optronics, Taiwan’s leading manufacturer of TFT-LCD panels, last night raised $325.6 million from the sale of new American depositary receipts. The deal came after the ADR price had jumped 11.1% to a 52-week high this week and followed the release of first-quarter earnings on Tuesday.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media