Aspen IPO 1.2 times subscribed

SINGAPORE (July 27): Aspen (Group) Holdings announced that its initial public offering was roughly 1.2 times subscribed.

This was based on the total valid applications received for 202.9 million invitation shares and the invitation size of about 173.3 million shares.

Out of 173.3 million new shares at 23 cents per invitation share, about 4.3 million invitation shares were by way of offer to the public and about 168.9 million invitation shares were by way of placement to institutional investors.

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