A source close to the deal says the institutional book was ôcomfortablyö covered. The 10% retail tranche was also fully subscribed, but not enough to trigger a clawback which would have required a subscription ratio of at least 15 times. XtepÆs bottom-end pricing is in line with the recent trend that has seen issuers and their bankers focus on getting listings completed, rather than pursuing a high price. It was a very different situation for...
¬ Haymarket Media Limited. All rights reserved.
