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Allotment is a method of distributing securities to investors when an issue has been oversubscribed. At the end of the subscription period, the demand for a new issue can exceed the number of shares or bonds being issued.
In other words, oversubscription works because not everyone uses it at the same time. Oversubscription is the basis for all non-dedicated telecommunications services. Even if a subscriber had a dedicated access network, that network is still oversubscribed against many others with respect to Internet access for example.
Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will ...
If demand is high enough, the book can be oversubscribed. In these cases the greenshoe option is triggered. Book building is essentially a process used by companies raising capital through public offerings, both initial public offers (IPOs) or follow-on public offers (FPOs), to aid price and demand discovery.
Finance Minister Sousa stated on November 4, 2015, that the Hydro One IPO was already "oversubscribed" at that time, with more advance orders than the shares that would be available. [31] On November 5, 2015, the stock closed at $21.62, up 5.46% or $1.12 from the IPO price of $20.50, with more than 18 million shares sold. [ 25 ]
In September 2018, I Squared Capital announced the closing of its ISQ Global Infrastructure Fund II at the US$7 billion legal cap, exceeding an initial target for the fund of US$5 billion. The fund received commitments from over 100 institutional investors with oversubscribed demand and a re-up rate over 80 percent from Fund I. [3] [4]
It was oversubscribed 37 times after its initial offering. [4] FortuneCity receives its revenue mostly from advertisements. [5] [6] FortuneCity began as a free web hosting service, but they have announced that after April 30, 2012, they would no longer be providing free web space, citing increasing costs as the reason. [7]
The company was established and listed on the Hong Kong Stock Exchange via Growth Enterprise Market in 2000 with its IPO price of HK$10.38 per share.The international placing and public offer of the shares subscription were 55 and 217 times oversubscribed respectively.