ASMedia GDR Early Look - Momentum Has Been Strong, and Raising Would Grow Its Cash Base Almost 6x

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Event-Driven

827 Views07 May 2024 07:00

Asmedia Technology (5269 TT) is looking to raise up to US$333m in its upcoming global depository receipts (GDRs) offering.

What is covered in the Full Insight:

ASMedia's upcoming GDR offering
Previous GDR listings and potential timeline for ASMedia's GDR
Evaluation of the company's recent financial performance
Impact of the GDR offering on ASMedia
Concluding analysis on ASMedia's GDR issuance

Boomeranged on Tue, 28 May 2024 15:43

ASMedia has launched its US$335m GDR offering. In total, 5.3m GDRs are offered at a 4.5-7.8% discount to the last close. Conversion ratio: 1 GDR = 1 ordinary share on the Taiwan-leg.

Clarence Chu

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