BenQ took advantage of positive share price momentum on Thursday December 8 to raise $187 million from a 40 million unit GDR led by Citigroup.
The transaction has a split of 75% primary shares and 25% secondary shares. The latter comprised a sell-down by major shareholder Acer Corp, which saw its stake drop from 9.4% to 7.4%.
The deal was marketed on a range of $4.58 to $4.78, equating to a discount of 3% to 7%. It was priced at a 4.9% discount after the order book closed two times covered.
Some 27 accounts participated, of which 20 came from Asia and...
