Published date:2002-05-23
Taipei, Taiwan
AUO Corporation today announced the successful pricing of its initial public offering of 50,000,000 SEC registered American Depositary Shares (ADS) in New York. The issue raised US$578.5 million. The ADSs, representing 500,000,000 new common shares of AU Optronics, were priced at US$11.57 per ADS, a discount of 4.5% to the price of the common shares, which closed at NT$41.60 per share on May 23. The ADSs are listed on the New York Stock Exchange and will trade under the symbol "AUO".
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Salomon Smith Barney is the Sole Global Coordinator and Sole Bookrunner for the offering. It has a "greenshoe" option to purchase from certain selling shareholders and sell up to an additional 7, 000,000 ADSs.