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Article: ATLAS GROUP HOLDINGS CLOSES IPO OVERSUBSCRIBED.

Article from:
AsiaPulse News
Article date:
June 16, 2003
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SYDNEY, June 16 Asia Pulse - An initial public offering (IPO) by specialty steels and metals distributor Atlas Group Holdings Ltd (ASX:AHS) has closed oversubscribed, with the company soon to begin trading.

Atlas said today that pricing and allocation had now been finalised.

The company said its final price had been set at $1.00 per share, giving Atlas a market capitalisation of approximately million ($US54.63 million).

Atlas is expected to commence trading on the Australian Stock Exchange (ASX) on Monday June 23, 2003.

The IPO attracted wide interest from both institutional and retail investors, necessitating a significant scale-back ...

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