Close

Underwriters Executives Full Option in IMAX China (IMAX) IPO

October 12, 2015 4:32 PM EDT

IMAX Corp. (NYSE: IMAX) announced that the underwriters of the previously announced offering of 62,000,000 shares of IMAX China Holding, Inc. ("IMAX China", stock code: 1970), a Cayman Islands company, have exercised in full the underwriters' option to purchase an additional 9,300,000 shares from the selling shareholders. IMAX Corporation, through a wholly owned subsidiary, is expected to receive total net proceeds of HK$804.0 million (US$103.7 million) since the overallotment option has been exercised in full, after deducting commissions and other expenses.

Trading of IMAX China shares commenced on the Main Board of the Hong Kong Stock Exchange Limited on October 8, 2015.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, IPOs

Related Entities

IPO