LG.Philips, the Dutch-Korean flat computer screen maker, has raised $2bn (€1.6bn) in a share sale priced near the top of its range. It comes just a year after its initial public offering met a cool reception and raised only half its target amount.

Morgan Stanley and UBS were joint global co-ordinators and joint bookrunners on the combined primary and secondary offering. ABN Amro, Citigroup and Rothschild were also joint bookrunners.