According to sources familiar with the deal, institutional investors ordered 15 times the amount of shares available, which allowed joint bookrunners Goldman Sachs and Cowen Co to fix the price at the top end of the indicative range at $15.25 per American Depositary Share. There was believed to have been virtually no price sensitivity in the book even though the top end of the range did pitch the company at a premium to its main comparable.
There...
¬ Haymarket Media Limited. All rights reserved.
