Wow..Mazda Share Offer oversubscribed by 3 times!
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Wow..Mazda Share Offer oversubscribed by 3 times!
http://www.reuters.com/article/2012/...8E73Z220120307
A $1.9 billion share sale by Mazda Motor Corp was about three times oversubscribed, sources with knowledge of the matter said on Wednesday, underscoring healthy demand for a deal seen as a prelude to a pick-up in new share issues by Japanese companies.
The subscription period for Mazda's 151 billion yen ($1.87 billion) offering, launched by the carmaker late last month, closed on Wednesday. The shares were allocated 75 percent to Japanese investors and 25 percent to overseas investors.
A $1.9 billion share sale by Mazda Motor Corp was about three times oversubscribed, sources with knowledge of the matter said on Wednesday, underscoring healthy demand for a deal seen as a prelude to a pick-up in new share issues by Japanese companies.
The subscription period for Mazda's 151 billion yen ($1.87 billion) offering, launched by the carmaker late last month, closed on Wednesday. The shares were allocated 75 percent to Japanese investors and 25 percent to overseas investors.
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