PROMos returns to GDR market

PROMos Technolgies raised $271.3 million from a 57.5 million GDR issue yesterday (Monday) via JPMorgan and joint global co-ordinator ABN AMRO. The all new share deal was priced at $4.72 per GDS. This represents a 9.7% discount to the stock's NT$17.4 close and a 13% dilution to existing investors.