Best Secondary Offering
Chartered Semiconductor, $1.01 billion secondary offering
Salomon Smith Barney
The world's third largest foundry manufacturer was responsible for South East Asia's only transaction above the $1 billion mark this year and managed to pull it off against one of the most volatile backdrops of a volatile year. For lead manager Salomon Smith Barney, the deal marked a real test of its execution abilities.
Faced with a stock that was bouncing around by up to 8% on a daily basis, the lead manager also had to contend with a number of selling shareholders all with slightly divergent interests As one specialist TMT fund manager reviewing the year puts it,...