Macronix reviving ADR as Via selects underwriters

From a pipeline of about 30 potential Taiwanese equity or convertible issuers, Macronix looks likely to provide the largest tech offering of the first half.

The non-volatile memory chip producer is hoping to re-launch its cancelled ADR offering in either March or April and plans to increase the number of units on offer to make sure that it raises its originally intended issue size. Consequently, what had initially been envisaged as a 25 million unit transaction where one unit equals 10 shares, is to be expanded to at least 40 million units and potentially 50 million. 

At its current NT$50.5 $1.55 share price Friday's close, this would potentially raise the company $635 million to $793.75 million.

Deutsche Bank and Merrill Lynch remain lead managers of the ...

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