Chailease raises $206 million from debut GDR

The deal comes on the back of a 116% rally in its Taiwan-listed stock in the nine months since the IPO.
<div style="text-align: left;">
Chailease listed in Taipei in December
</div>
<div style="text-align: left;"> Chailease listed in Taipei in December </div>

Chailease Holding, a Taipei-listed financing and leasing company, has raised $206.2 million from its first-ever sale of global depositary receipts. The deal was launched and completed after the market closed yesterday and is the second GDR out of Taiwan in less than a week. Last Thursday, Win Semiconductors completed a GDR sale that raised $158 million.

However, while the Win Semiconductors transaction was fully marketed with the bookbuilding coming on the back of a one-week roadshow, Chailease chose to do its deal on an accelerated basis with no marketing. As a result, it didn’t have to deal with a live share price.

But, having announced its intention...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222