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EuroSports said to hit 38 cents in grey market
Published Thu, Jan 16, 2014 · 10:00 PM
SHARES of ultra-luxury auto distributor EuroSports Global hit 38 cents in yesterday's grey market as its $22.4 million initial public offering (IPO) wrapped up with a 2.9-time subscription rate, market sources said.
The grey market pricing represented a 36 per cent premium to the IPO's 28-cent offer price. The counter will begin trading on Catalist today.
"Solid, bro," one trader said. "Think this stock will perform."
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