Unimicron Technology (TPE:3037) launched a global depositary share (GDS) offering that could fetch as much as $1.4 billion, Reuters reported Monday.
Proceeds will be used to purchase of foreign currency-denominated raw materials, according to a Reuters-reviewed term sheet.
The company is marketing 50 million GDS at $26.96 to $27.76 apiece, implying a 3% to 5.8% discount to its closing share price in Taipei on Monday. The securities are expected to be priced later in the day and listed on the Luxembourg Stock Exchange, according to the report.
The fundraising comes as semiconductor companies seek to capitalize on robust investor demand fueled by the AI boom, the news agency said.
Unimicron Technology did not immediately respond to MT Newswires' request for a comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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