innolux-seeks-over-1-billion-from-inaugural-gdr

Innolux seeks over $1 billion from inaugural GDR

The Taiwanese maker of LCD displays and monitors will tap new investors after its shares gain 260% in the 12 months since its IPO.
Innolux Display Corporation has kicked off the roadshow for its first ever issue of global depositary receipts GDRs to raise funding for a new sixth generation plant for the production of thin-film transistor-liquid crystal display TFT-LCD panels.

Based on the current share price, the well-flagged deal could raise as much as $1.35 billion which will make it the largest equity deal by a Taiwanese company this year, aside from the two sell-downs by Royal Philips Electronics in March and May. It will be the first time Innolux has returned to the equity capital markets since its initial public offering in October last year, which raised NT$8.2 billion $250 million.

In its...
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