TSMC launches pre-marketing as Benq Corp prices

Pre-marketing began yesterday (Monday) for Asia''s first $1 billion plus capital markets deal of the year.

The Taiwanese government has begun to press-ahead with its sell-down of TSMC Taiwan Semiconductor Manufacturing Company stock after briefly considering whether to bring rival UMC United Microelectronics Corporation to market first. The decision was taken after evaluating both companies' share prices and concluding that the former has considerably outperformed the latter during the recent tech rally.

Led by Goldman Sachs with Merrill Lynch as joint-lead, formal roadshows will begin on Monday January 28, for pricing on Friday February 1. Pre-marketing has begun on an auspicious note, with the index experiencing its biggest one day surge in over a month yesterday, closing up 5% at 5551.24 on news that President Chen Shui-bian had appointed Yu Shyi-kun...

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