Vietnam's Tay Ninh Rubber Co. has raised 573.22bio VND (35.6mio US$) from an auction of nearly 8.4 million shares.
Tay Ninh Rubber Co. sold the state shares on offer, or 28% of its stock, at an average price of 68,341VND (4.25US$) at its initial public offering last Thursday.
The pricing gave the firm an initial market value of 127.5mio US$ after the auction in which 103 institutional and nearly 1,600 individual investors sought to buy nearly seven times more shares than were on offer.
Foreign investors bought more than 2.9 million shares, or 34% of those sold.
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment