Aztech Global closed its initial public offering (IPO) on March 10 with shares subscribed by 16.5 times.
Aztech’s IPO comprised 68.12 million shares priced at $1.28 each, which was made up of 64.62 million placement shares for institutional and other investors in Singapore and outside the US, and another 3.5 million public offer shares in Singapore. The IPO shares are subject to an over-allotment option.
For its public offer shares, Aztech received 4,143 applications totalling 64.42 million shares and $82.5 million in monies for the 3.5 million shares available, translating to the public offer being 18.4 times subscribed.
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