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DLF says 18.5 mil placement shares fully subscribed; raises $2.85 mil in net proceeds

IPO

DLF says 18.5 mil placement shares fully subscribed; raises $2.85 mil in net proceeds

PC Lee Published on Mon, Jul 23, 2018 / 5:49 PM GMT+8

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SINGAPORE (July 23): DLF Holdings says its initial public offering (IPO) on Monday received strong interest from investors with all 18.5 million placement shares successfully placed out at 23 cents each.

See: DLF Holdings aims to raise $4.3 mil from Catalist IPO at 23 cents per share

Listing and trading of the company’s shares on Catalist will start on Wednesday at 9am.

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