logo
Share SHARE
FONT-SIZE Plus   Neg

Acquity Group Prices IPO Of 5.5 Mln ADS At $6/ADS - Quick Facts

Acquity Group Limited (AQ) announced the pricing of its initial public offering of 5.55 million American depositary shares or "ADS" at a price to the public of $6.00 per ADS. The ADSs are expected to commence trading on the NYSE AMEX on April 27th, 2012 under the symbol "AQ."

The underwriters have an option, exercisable for 30 days from April 26th, 2012, to buy up to an additional 833,333 ADSs from the company at the initial public offering price. Citigroup Inc. and Oppenheimer & Co., Inc. acted as lead underwriters. William Blair & Company and First Analysis Securities Corp. acted as co managers in the offering.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Women's specialty-clothing retailer J. Jill Inc. said it has launched an initial public offering of 11.67 million shares of its common stock. All shares are being sold by an existing stockholder and J. Jill will not receive any proceeds from the offering. Long queues at peak dining hours at Wendy's may be a history, as the company is planning to introduce automated self ordering kiosks at its more than 1000 retail locations by this year end. The automation will also help in cutting labor costs. Canadian music retail chain Sunrise Records said it plans to take over 70 retail spaces in Canada being vacated by HMV Canada, the industry's largest retailer. The new brick and mortar locations are in malls across Canada. However, Sunrise's expansion comes as people are increasingly shifting to streaming options for music and videos rather than buying tangible, touchable albums.
comments powered by Disqus
Follow RTT