The allocation formula for the recent Initial public offering of tTech shares which closed shortly after opening on Wednesday with more than 300 percent over subscription, should be known by Monday coming.
The likely date was obtained by IC Insider today from a spokesperson at NCB Capital Markets. The recommended formula has been passed on to the company for the approval the spoke person stated. tTech offered more than 25.65 million shares for purchase up to $2.50 each and was well received by investors raising over $50 million that they went to the market.
The spokesperson also indicated that they will be looking into the matter of investor being asked to pay the central depository fee, although it was not included in the prospectus.
tTech allocation by Monday
December 18, 2015 by
