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".
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.