Globalwafers seals GDR sale amid volatility

Taiwanese silicon wafer maker raises $469 million in island’s biggest GDR deal in nearly four years. It needs the cash to help fund acquisition of SunEdison Semiconductor.

Silicon wafer maker Globalwafers completed the first global depositary receipt offering from Taiwan in 19 months on Thursday, netting $469 million from an equity fundraising that was upsized by nearly 10% from the base offering.

¬ Haymarket Media Limited. All rights reserved.

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