Chairman Frank Favretto said the oversubscription was indicative of strong demand for the stock, given the raising had continued into the holiday period.
32.
Since that time the school has been greatly extended with several new buildings and ever increasing pupil numbers, leading to oversubscription every year.
33.
The company then made history when its initial public offering on the Nasdaq over-the-counter exchange was postponed due to oversubscription.
34.
A total of 30, 608 applications for 43.49 million shares was received, representing an oversubscription rate of 14.30 times.
35.
However, because of strong demand from the market, with oversubscription of six times the offer, the final deal totaled $ 500 million.
36.
Industry watchers said the project might be able to achieve 15 times oversubscription, or 5, 000 applications, after three days of registration.
37.
"This situation of oversubscription proves once more the confidence that the Colombian economy generates in the international markets, " the ministry said.
38.
The World Bank priced its largest dollar-denominated global bond issue ever Wednesday, as solid demand from investors insured its quick sale and oversubscription.
39.
A week before oversubscription funds were to be returned, investors began taking aggressive positions in order to prepare for a concentrated injection of new liquidity.
40.
The IPO was oversubscribed by an average of 363.5 per cent with the retail segment, recording the highest oversubscription of 715 per cent.
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