GHY Culture & Media's public tranche of IPO 16 times subscribed
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Uma Devi
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Singapore
ENTERTAINMENT and content provider GHY Culture & Media Holding Co received applications from both retail and institutional investors for 16 times the number of shares available in the public tranche of its initial public offering (IPO).
The company is selling 21.7 million shares priced at S$0.66 apiece as part of its listing on the mainboard of the Singapore Exchange. The offering comprises 18.7 million placement shares and a public offer of three million shares.
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