Digital United postpones IPO Pricing

Taiwanese ISP and web-hosting services provider Digital United Holdings has pushed back the pricing of its Nasdaq flotation until Monday.

Digital United Holdings, Taiwan's largest provider of co-location and web hosting services, had been hoping to price its roughly $100 million offering on Thursday, but it has now pushed the deal back until the beginning of next week in order to complete more one-on-one presentations in the United States.

Led by Donaldson, Lufkin Jenrette DLJ with Salomon Smith Barney as joint-lead and UBS Warburg as co-manager, the deal comprises 10 million common shares 1.5 million greenshoe at an indicative price range of $9 to $11. Bankers say that although the deal has been delayed slightly, the range has not been adjusted.

Part of the reason for the delay stems...

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