logo
Share SHARE
FONT-SIZE Plus   Neg

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
Federal Communications Commission Chairman Ajit Pai has announced plans to repeal the net neutrality rules implemented under President Barack Obama. Pai, who was appointed by President Donald Trump, said he circulated his draft order to his fellow FCC commissioners Tuesday morning, with the order... Reflecting expectations the House Republican tax reform bill would provide a relatively modest boost to economic growth, a new analysis by the Tax Policy Center found that the legislation would add about $1.3 trillion to the national debt over a decade. Uber has been hit with an $8.9 million civil penalty by Colorado for allegedly allowing drivers with questionable backgrounds to work for the ride-hailing company. The Colorado Public Utilities Commission or PUC said it has issued a Civil Penalty Assessment Notice or CPAN totaling $8.9 million to Rasier LLC, the parent company of Uber.
comments powered by Disqus
Follow RTT