Sri Lanka’s Jetwing Symphony announces IPO share allotments
ECONOMYNEXT – Sri Lanka’s Jetwing Symphony hotel group said it will allot shares at Rs15 a share in full to all investors who applied at Rs16 a share and above, and all corporate investors and individual investors who applied at Rs15 a share up to a million shares.
Applications beyond a million shares will be allotted a million shares and 93% of any shares applied for over and above one million, a stock exchange filing said.
The initial public offering of 50 million shares of Jetwing Symphony, with a portfolio of new and hotels under construction, to raise up to 900 million rupees, was oversubscribed on the opening day.
(COLOMBO, December 26, 2017)