Powerchip raises $440.8 million...

but not without a struggle.
June 13, 2004

Taiwanese DRAM manufacturer completed a combined equity offering on Friday, raising $150 million from a convertible bond and $290.8 million from a GDR. The transaction proved to be one of the most testing equity deals of the year so far, with very little turning out as planned for joint bookrunners Deutsche Bank and Lehman Brothers.

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