Sunplus completes $167m GDR, could start new flow

UBS Warburg priced a 17.5m global depository receipt (GDR) offering for Sunplus Technology yesterday (Thursday) evening. The GDRs were priced at $9.57, a discount of 8.3% to yesterday's closing price of the ordinary shares in Taipei. The issue is the first depositary receipt issue from Taiwan for around six months ...