Parade Technology GDR

Pre-IPO investors raise $59 million from Parade Technologies GDR

At a 9.3% discount the selling shareholders decide to dispose of fewer shares than initially planned.
<div style="text-align: left;"> Parade Technologies develops and supplies integrated display and display interface solutions </div>
<div style="text-align: left;"> Parade Technologies develops and supplies integrated display and display interface solutions </div>
July 20, 2012

Three pre-IPO investors yesterday raised NT$1.76 billion ($59 million) from a fully marketed sale of global depositary receipts (GDRs) in Taiwan-listed Parade Technologies. The sale was well below the $120 million talked about at the launch after the underlying share price fell during marketing and the sellers decided not to sell as many shares as initially planned.

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