hey mate, it's not an IPO. It's an ADS offer that equates to about 27 million shares offered via a prospectus. Please make sure you use facts when you state information.
Good news all around and lets hope the initial price of 50:1 is decent which gives us a secondary investment market for our ASX holdings.
27 million shares for ADS is not that high, but it's great news.
Ann: IHL files Form F-1 registration statement with SEC, page-23
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