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AUSTRALIA'S WOTIF.COM CLOSES IPO, SETS SHARE PRICE.
SYDNEY, June 1 Asia Pulse - Online accommodation website Wotif.com Holdings Ltd (ASX:WTF) has closed its initial public offer (IPO) and set its final price at $A2.00 ($US1.50) per share.
"It is very interesting to see the business through the eyes of the professional investor and we are delighted with the response," Wotif co-founder and chief executive Graeme Wood said.
Wotif said the institutional offer, which closed on May 31, received exceptional demand and closed oversubscribed.
Under the IPO, Wotif offered a total of 85.984 million shares and today said the final price to be paid by successful applicants has been set at $2.00 per share.
Based on the final price, the total amount raised by the share offer will be about $172 million ...
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Source: HighBeam Research, AUSTRALIA'S WOTIF.COM CLOSES IPO, SETS SHARE PRICE.