WT Microelectronics announced on November 17 that it has completed the simultaneous pricing of its global depositary receipts (GDRs) and unsecured convertible bonds, expecting to raise a total of approximately US$739 million. The funds will primarily support foreign currency purchases needed to meet business growth demands.
WT stated that the transaction included US$389 million in GDRs and US$350 million in unsecured convertible bonds, marking the company's largest fundraising to date and its third successful entry into international capital markets. The company plans to issue 18 million units of ODRs, representing 90 million WT ordinary shares, which will be listed on the Luxembourg Stock Exchange. The GDRs are priced at US$21.6 per unit.
The issued unsecured overseas convertible bonds will simultaneously be listed on the Singapore Exchange and can be converted into WT ordinary shares. The initial conversion price is set at approximately NT$181.7 (approx. US$5.82), representing a 35% premium over the per-share equivalent price of the concurrently issued GDRs.
WT CEO Eric Cheng stated that the strong investor demand for the GDRs and convertible bonds reflects high confidence in the company's strategic vision and future growth potential. He is optimistic that the fundraising will help WT accelerate consolidation of its leadership in AI-related semiconductor distribution channels and capture revival opportunities in the industrial and automotive markets in Europe and the US. This further strengthens the company's commitment to providing global supply chain solutions and creating long-term value for its partners.
WT operates across the Asia-Pacific, Americas, and Europe regions. It acquired Future Electronics in 2024 to expand its presence in the European and US markets. As of October 2025, cumulative consolidated revenue reached approximately NT$962.7 billion, a year-on-year increase of over 20%, surpassing the total consolidated revenue for 2024.
Article edited by Jack Wu
