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NetLink IPO oversubscribed, raises SGD 2.35 billion

2017-07-18 14:21:00| Telecompaper Headlines

(Telecompaper) Singapore's NetLink NBN said its initial public offering of shares was two times oversubscribed, with demand for SGD 4.7 billion in shares. The wholesale network operator offered a total 2.713 million units to institutional investors and 185 million to the public in Singapore, at a price of SGD 0.81 per unit. This gives it gross proceeds of SGD 2.35 billion and a market capitalisation of SGD 3.1 billion.

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Category:Telecommunications

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