Realtek Semiconductor prices debut GDR

One day later than scheduled, the IC designer and distributor priced a 10.25 million GDS issue yesterday (Thursday). With Salomon Smith Barney as sole bookrunner, the deal had to absorb a slight softening in share price and came slightly outside of its indicative range, but succeeded in raising the entire amount projected and in doing so, becomes the largest GDR offering from the Island Republic since Powerchip in October 1999.