Mooreast Holdings, which specialises in providing mooring systems for the offshore and renewable energy industries, has received strong demand for its IPO which raised $8.5 million in gross proceeds.
A total of 38.85 million IPO shares were sold at 22 cents a share.
The retail tranche of 800,000 shares was 17.3 times subscribed whereas the placement tranche of 38.05 million shares was 1.3 times subscribed.
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