VIA Technologies selects ADR underwriter

The world''s second largest chipset manufacturer after Intel Corp is moving ahead with its Nasdaq offering.

Credit Suisse First Boston has been selected to lead what is expected to be a $300 million to $500 million third quarter ADR offering.

Because of VIA's status as the poster child of the Taiwanese tech sector, competition to win the mandate has been intense, with Taipei-based bankers reporting that Goldman Sachs came closest to snagging the mandate off its Swiss-American rival.

VIA has enjoyed a spectacular rise to fame in Taiwan since its domestic listing in March 1999 at NT$120 per share. Having taken on Intel's dominance of the chipset market, the company has seen its global market share rise from 16% in 1999 to 29% in 2000. Initially, many analysts...

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