TWSE Press Release
APPRO PHOTOELECTRON INC. successfully completed its Share Underwriting Process through an Auction Process Today (January 10)
Publish Date︰2017/01/10 16:14
APPRO PHOTOELECTRON INC. initial OTC common stock underwriting was executed through auction and public subscription. 1,373,000 shares were auctioned while 343,000 shares were offered through public subscription. A total of 980 bids were made with 923 bids being qualified. The American auction format was used to determine bid prices. At 10 a.m. on January 10, the Taiwan Stock Exchange Corporation (TWSE) successfully completed the electronic auction process in an open fashion, resulting in all shares being auctioned.
Lowest winning bid: TWD 35.44
Highest winning bid: TWD 38.01
Weighted average winning bid: TWD 35.95
According to the Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms, the lowest bid for APPRO PHOTOELECTRON INC. share was at TWD 25.67, and the public subscription price of the stock is set at TWD 30.80. Public subscription applications were accepted from January 12 to January 16, and a public lottery will be held on January 18.