MindChamps says public offering of shares 83 times subscribed

SINGAPORE (Nov 23): MindChamps PreSchool says its public offer of shares in conjunction with its Singapore listing was approximately 83 times subscribed.

In its Thursday night filing, MindChamps says at the close of the public offer at 12 noon on Wednesday, valid applications for a total of 165.9 million public offer shares were received for the 2 million shares on public offer.

Priced at 83 cents each, MindChamps’ offering of 30.4 million shares included a placement of 28.4 million shares to investors, of which 2.4 million shares were reserved for the management, employees and business associates of the group.

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