TSMC in record breaking equity deal

Founding shareholders, Royal Philips Electronics NV and the Taiwan Development Fund, raised $1.304 billion selling a 3.1% stake in TSMC after Thursday's close in New York. Under the lead management of Goldman Sachs and JPMorgan, the two sold 151.655 million ADR units at $8.60 each. There is also a 22.745 million greenshoe that could bump total deal proceeds up to $1.499 billion.