The sale came as the share price has started to turn upward again after falling 8.8% from a record high in mid-November and, according to a source, demand was strong enough to cover the offering in 20 minutes. Given that the shares were offered at a fixed price, the arranger saw no point in accumulating additional demand and the book was closed soon afterwards.
The short bookbuild meant Europe-based investors didnÆt get much of a chance to buy in,...
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