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NetLink IPO oversubscribed, raises SGD 2.35 billion

2017-07-18 14:21:00| Telecompaper Headlines

(Telecompaper) Singapore's NetLink NBN said its initial public offering of shares was two times oversubscribed, with demand for SGD 4.7 billion in shares. The wholesale network operator offered a total 2.713 million units to institutional investors and 185 million to the public in Singapore, at a price of SGD 0.81 per unit. This gives it gross proceeds of SGD 2.35 billion and a market capitalisation of SGD 3.1 billion.

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Li-ion startup Cadenza Innovation raises $5+M in oversubscribed Series A; ex Boston Power team

2016-07-18 18:56:19| Green Car Congress

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Oversubscribed 2 times SAIL disinvestment offer bags Rs 1725 cr

2014-12-05 16:26:45| Steel - Topix.net

The government's plan to raise capital by disinvesting its stake in various public sector undertakings got off to a flying start on Friday, with its offer for sale of 5% stake in public steel sector firm Steel Authority of India Ltd getting oversubscribed by over two times mopping up Revenues from selling shares in state-owned companies is critical to the government's plans to keep the fiscal deficit -- shorthand for the amount of money the government borrows to fund its expenses -- at 4.1% of GDP in 2014-15. A shortfall in revenues may prompt the government to raise indirect taxes -- it has already done it twice in petrol and diesel in the last two months -- hurting prices.

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EnerGulf Closes Oversubscribed Private Offering

2013-11-06 19:25:00| OGI

Net proceeds will be used for the Lotshi Block in the Democratic Republic of Congo and Block 1711 offshore Namibia projects and for general working capital.

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