Gigabyte Sets $21.05 Price for $526 Million GDR Issue

Gigabyte (2376) priced 25 million global depositary receipts (GDRs) at $21.05 each on Oct. 28, an offering expected to raise about $526 million for overseas materials purchases. September revenue reached a record NT$63.099 billion as the company completed the financing step. Each GDR represents two common shares, for 50 million shares in total. The issuance represents estimated dilution of 6.95%; Gigabyte said it would not materially dilute existing shareholders. September consolidated revenue was up 125.45% from a year earlier and equaled about 60% of the company’s first-quarter revenue. Gigabyte did not disclose a separate September revenue figure for AI servers.

Source: TokenPost