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Soo Kee IPO 1.1 times subscribed

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Published Wed, Aug 19, 2015 · 09:50 PM

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Singapore

JEWELLER Soo Kee Group's initial public offering (IPO) of 112.5 million shares of S$0.30 each was 1.1 times subscribed, said an announcement on Wednesday evening by issue manager UOB.

For the public tranche, it received valid applications for almost 30 million shares compared with nine million shares on offer, a ratio of 3.3 times. The placement tranche of 103.5 million shares was fully placed out.

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