With books for the international offer said to have closed on Tuesday about 15 times ovesubscribed, the Merrill Lynch and DBS-led deal was priced yesterday Wednesday at S$1.10 per share, raising S$470 million $269 million.
Institutional investors will be allocated 190 million of the 278 million shares on offer, with employees receiving 13 million and retail investors 75 million in a public offering scheduled to close on November 21. Alongside the placement tranche, there is also a strategic tranche which will close at the same time as the retail offer. This comprises 150 million shares, representing 15% of the company and will also be open to former exchange members, who can...
