EMAS says applications for about 11.5 million offer shares, or 26% more, for the roughly 9 million shares on offer in the public tranche, at the close of its IPO at noon yesterday.
Meanwhile, the 39.5 million shares offered under the placement tranche were also fully subscribed.
Norway-listed EMAS Offshore offered 48.6 million shares to local investors at a price of $1.21 each to raise $58.8 million.
The company is an associate of Ezra Holdings.
EMAS Offshore begins trading in Singapore on Oct 8.
Friday, October 3, 2014
EMAS offshore IPO 26% oversubscribed
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