JB Foods said its IPO of 100 million shares at 30 cents apiece was 4.1 times oversubscribed based on the total shares available in the placement and public tranches.
At the close of the invitation, 2012, 5,136 applications for 408.91 million offer shares were received for the 100 million invitation shares comprising 3 million new shares for public subscription. There were also another 97 million placement shares.
In total, JB Foods received $122.7 million in application monies.
Trading of the stock begins on Monday.
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