logo
Plus   Neg
Share
Email
Comment

Acquity Group Currently Estimates IPO Price To Be $8.00-$10.00/ADS - Quick Facts

Digital advertiser Acquity Group Ltd. said it now estimates the initial public offering price to be between $8.00 and $10.00 per ADS. The company is offering 9.56 million of its ordinary shares in the form of ADSs and the selling shareholders named in the prospectus are selling 1.56 million ordinary shares in the form of ADSs.

Acquity Group noted that it will not receive any proceeds from the sale of the ADSs by the selling shareholders. The ADSs may be evidenced by American depositary receipts, or ADRs, and each ADS represents two ordinary shares, par value $0.0001 per ordinary share.

Acquity Group has applied to have the ADSs listed on the New York Stock Exchange, or the NYSE, under the symbol "AQ".

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT