WT Microelectronics Successfully Priced US$341 Million Global Depositary Shares (“GDSs”) Offering
WT Microelectronics Co., Ltd. (3036 TT) (“WT” or the “Company”) has successfully priced its GDSs offering of approximately US$341 million on April 9, 2024. A total of 17 million GDSs, representing 85 million common shares of WT, will be listed on the Luxembourg Stock Exchange.
This is the second GDSs offering that WT has completed in the last two years, demonstrating the ongoing interest and focus from the international capital markets toward the Company. In addition, the transaction has captured the favorable market condition as well as robust share price performance since WT’s acquisition of Future Electronics, which was announced in September 2023 and completed in April 2024. As a result of the transformational acquisition, WT has become a truly global electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA, enabling the Company to offer the highest level of services to suppliers and customers globally.
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