Wiwynn, a leading cloud IT infrastructure provider for hyperscale data centers, completed its concurrent offerings of $836.6 million global depositary shares (GDSs) and $600 million currency-linked zero coupon convertible bonds (CBs).
The GDSs are listed and traded on the Euro MTF market of the Luxembourg Stock Exchange. The CBs are listed and traded on the Singapore Stock Exchange and convertible into common shares of Wiwynn listed on the Taiwan Stock Exchange.
Since inception, Wiwynn has positioned itself as a pure-play cloud IT infrastructure provider that develops high-performance compute and storage products, as well as providing rack solutions for leading data centers, and held an approximately 30 percent market share of the global original design manufacturer direct (ODM-direct) server market in terms of shipments in 2023. As a platinum member of the Open Compute Project (OCP), Wiwynn focuses on next-generation technologies aimed at enhancing workload optimization and reducing total cost of ownership. Wiwynn’s main areas of interest include advancements in Cloud, AI and edge computing.
S&C advised Citigroup, the initial purchaser of the offerings, on U.S. law matters.
The S&C team consisted of Ching-Yang Lin, Stephen Pang, Yiwen Wang and Bebe Shing. Vanessa Blackmore, Kirsten Rodger and trainee solicitor Anna McLaughlin advised on EU and U.K. laws. Jeff Hochberg, Saul Brander and Tristan Hood advised on tax matters.