Gigabyte Technology plans $530 million global depositary share sale, term sheet shows (updated)
UPDATE 1-Gigabyte Technology plans $530 million global depositary share sale, term sheet shows Adds more details throughout
HONG KONG, Oct 28 (Reuters) - Gigabyte Technology 2376.TW plans to raise about $530 million through a sale of global depositary shares, according to a term sheet seen by Reuters on Wednesday.
The Taiwanese computer component manufacturer will use the proceeds to buy raw materials priced in foreign currencies.
Gigabyte is offering 25 million depositary shares at $20.92 to $21.36 each, representing 50 million new ordinary shares.
The price range is a 4.5% to 6.5% discount to Wednesday's closing price of T$362.50 ($11.18).
Citigroup C.N is the sole global coordinator and joint bookrunner.
($1 = 32.4220 Taiwan dollars)
(Reporting by Yantoultra Ngui; Editing by Joe Bavier and Tomasz Janowski)
((Yantoultra.Ngui@thomsonreuters.com;))
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