Niks Professional's IPO subscribed 1.8 times
The company received 213 valid applications for 1 million public offer shares.
Niks Professional's initial public offering (IPO) was 1.8 times subscribed. Its shares were priced at $0.23 each.
At the close of its offering on noon of 25 October, the company received 213 valid applications for 1 million public offer shares.
"These applicants applied for an aggregate of 5,873,000 Public Offer Shares, with application monies received amounting to approximately $1.35m," the company reported.
Meanwhile, its 20,800,000 placement shares, which include 3.7 million reserved shares, were 1.6 times subscribed, with the company receiving indications of interest for 32.9 million placement shares.