Ultrasonic prices modest Frankfurt IPO

Chinese footwear company Ultrasonic on Thursday sold less than half the shares it planned in its Frankfurt IPO, even after pricing at the bottom of the range with a valuation giving a 57% discount.

  • 08 Dec 2011

The company raised just €5.4m from the all-primary deal, selling 600,000 shares at €9 each. There is a 100,000 share greenshoe. It will give the company a market capitalisation of €95.4m.

The deal opened books last week for 1.5m shares and a 225,000-share greenshoe, with the potential to raise ...

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