EOC Ltd, an offshore support services provider for the oil gas industry, set the price range for its secondary listing in Singapore on Wednesday. Roadshows also began on the same day for the deal, which is now being pitched on a range of S$194 million to S$230 million $156 million to $184 million pre shoe.
This is less than the $250 million EOC was hoping to raise during pre-marketing and the prospective freefloat has also been expanded from 25% to about 32.7% pre shoe. This equates to a market capitalisation of S$595 million to S$704 million $475 million to $563 million.
The DBS and OCBC...
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