Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Creador wanted to keep a 5% equity interest, but had to sell down 80% of its original stake to make available enough shares for the free float. Post-IPO, it will have a 1.9% stake in Eco-Shop,” according to the source.
Does creador will increase back their share after listing?
To fulfill 15% float requirement, creador no need to sell their shares. Instead, just issue new shares until 15% share float reached. If creador intention is to keep 5% interest lah as what the article said