Emaar MGF withdraws IPO....!!!

W

wayanadan

Member
#1
#1
Emaar MGF withdraws IPO due to poor subscriptions (drops from 83% to 43%), it was to close on Monday, reports CNBC TV18. The Emaar management says it will refund IPO money in 10-15 days and it will consider other funding options like private placements.
 
M

MiLiNDOnline

Member
#2
#2
wayanadan said:
Emaar MGF withdraws IPO due to poor subscriptions (drops from 83% to 43%), it was to close on Monday, reports CNBC TV18. The Emaar management says it will refund IPO money in 10-15 days and it will consider other funding options like private placements.
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Hi,

Its all happening due to bad market sentiment......

There is running and bouncing everywhere... Also if you do analysis all these recent IPOs are very overvalued to their potential...
 
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