« Home | The Nymex IPO - Why Nymex Holdings Is Worth $500 » | Former KGB Spy Poisoned at Sushi Bar » | Yahoo! Inc. : The Peanut Butter Manifesto » | Barron's Weekend Headline Summary - November 20, 2... » | Ultra-Rich Spend $50,000 to Hire a Private Tutor f... » | Readers Protest Against OJ Simpon "If I Did It" » | Why Is Ross Levinsohn Leaving Fox? » | Nielsen NetRatings - Top Automotive Sites » | Is Sears Holdings Really a Hedge Fund? » | Irvine Sensors Corp. is a MicroCap Rocket »

November 20, 2006

Is There an Indian Equity Bubble? Infosys' Mega Secondary

posted by MR WAVETHEORY at 11/20/2006 09:49:00 PM
Infosys Technologies Limited (ADR) (NYSE INFY) just did a $1.6 billion secondary.

Infosys Technologies Limited (Nasdaq:INFY - News) announced the pricing of its sponsored secondary offering of 30,000,000 American Depositary Shares (ADSs), representing 30,000,000 equity shares (one equity share represents one ADS) at a price of US$53.50 per ADS excluding underwriting discounts and commissions. The aggregate size of the offering exceeds US$1.6 billion.

The most important line in the press release

Infosys will not receive any proceeds of this offering and the net proceeds after the offering expenses will be distributed to the selling shareholders within 30 days of the closing of the offering.

That's alot of selling shareholders.

Previous Posts


Post a Comment

<< Home