Davis Polk advised Himax Technologies, Inc. (Himax) on an SEC-registered secondary offering by selling shareholder Innolux Corporation of 25,399,753 of American Depositary Shares (ADSs) representing 50,799,506 ordinary shares of Himax (including ADSs sold pursuant to the underwriters’ over-allotment option). The total proceeds of the offering were approximately $133.3 million. The ADSs are listed on the NASDAQ Global Select Market under the symbol “HIMX.” Citigroup Global Markets Inc. acted as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC acted as co-managers of the offering.
Based in Taiwan, Himax is one of the world’s leading fabless semiconductor solution providers which designs, develops and markets display driver integrated circuit products and non-driver integrated circuit products.
The Davis Polk corporate team included partner James C. Lin, foreign registered lawyer Harold Tin and associate Meng Ding. Counsel Alon Gurfinkel provided tax advice. Counsel Catherine L. Martin provided 1940 Act advice. Members of the Davis Polk team are based in the Hong Kong, London and New York offices.
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