AIDC reaches for the stars with $207m IPO

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By Rev Hui
14 Aug 2014

State-owned Aerospace Industrial Development Corp (AIDC) took home the title of the largest Taiwanese IPO in eight years after raising NT$6.22bn ($207m) on August 7.

The IPO consisted of 288.54m secondary shares, which were all provided by the Taiwanese Ministry of Finance, and it was split 3:2 between institutional and retail accounts.

For the 173.12m shares reserved for institutional investors, allocations were executed via an auction process that had a floor price of ...

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