The Offer comprised of the sale of approximately 46.39m existing shares and the issue of 0.35 million new shares.
Based on the offer price of $3.50, Carsales will have a market capitalisation of $811.8 million at listing.
The total proceeds from the Offer will be $163.6m.
Top 20 holds 81%. Very tight.ACP Magazines hold 49.24%.
Be interesting if support is there on market as apparently their was strong demand from institutions.
The Offer comprised of the sale of approximately 46.39m existing...
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