Gigabyte Technology plans to raise about $530 million through a sale of global depositary shares, according to a term sheet seen by Reuters on Wednesday.
The Taiwanese computer component manufacturer will use the proceeds to buy raw materials priced in foreign currencies.
Gigabyte is offering 25 million depositary shares at $20.92 to $21.36 each, representing 50 million new ordinary shares.
The price range is a 4.5% to 6.5% discount to Wednesday’s closing price of T$362.50 ($11.18).
Citigroup C.N is the sole global coordinator and joint bookrunner.
Reuters
