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Andes Technology Issues GDR to Be Listed on Luxembourg | Andes Technologies

Andes Technology (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading RISC-V CPU IP supplier, announced today that it successfully issued its overseas depositary receipts (GDR) on the Luxembourg Stock Exchange on September 13. Each newly issued overseas depositary receipts unit will represent 2 ordinary shares, and its initial market value is priced at US$31.78, which is approximately NT$440 per share. A total of 4 million units are issued, representing 8 million shares of common stock. The total amount raised overseas is approximately US$127 million (NT$3.517 billion). Andes Technology is currently the only public RISC-V CPU IP supplier, and the GDR shareholders are mainly foreign institutional investors who aim for long-term investment.

Read the full announcement. 

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