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Article: Yves Saint Laurent in flotation success. (Groupe Yves Saint Laurent)(stock)
- Article from:
- Cosmetics International
- Article date:
- August 15, 1989
CopyrightCOPYRIGHT 1989 Communications International Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Yves Saint Laurent In Flotation Success
The French fashion and perfumes house, Groupe Yves Saint Laurent, is now quoted on the Paris second tier market following the initial public offering of its shares in a most successful flotation.
The share launch had to be postponed for several days following a massive oversubscription when investors applied for 103 million shares with only 400,000 on offer at a price of FF853 each--making the offer oversubscribed by 250 times. The relaunch required bidders to deposit funds in advance to prevent staging (?) and this reduced the numbers applied for although the issue was still oversubscribed by 27 times.
The ...