TWSE Press Release
I JANG INDUSTRIAL CO.,LTD. successfully completed its Share Underwriting Process through an Auction Process Today (November 9)
Publish Date︰2017/11/09 15:36
I JANG INDUSTRIAL CO.,LTD. initial OTC common stock underwriting was executed through auction and public subscription. 2,040,000 shares were auctioned while 510,000 shares were offered through public subscription. A total of 902 bids were made with 865 bids being qualified. The American auction format was used to determine bid prices. At 10 a.m. on November 9, 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 45.00
Highest winning bid: TWD 53.00
Weighted average winning bid: TWD 46.15
According to the Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms, the lowest bid for I JANG INDUSTRIAL CO.,LTD. share was at TWD 36.61, and the public subscription price of the stock is set at TWD 41.00. Public subscription applications were accepted from November 13 to November 15, and a public lottery will be held on November 17.