Mooreast Holdings' IPO 1.3 times subscribed

The Edge Singapore
The Edge Singapore 11/23/2021 10:24 PM GMT+08  • 2 min read
Mooreast Holdings' IPO 1.3 times subscribed
Trading will start on Nov 24
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.