Class Limited (Class) has advised that the minimum subscription level of $5m under the company’s IPO has already been exceeded.
This is despite unforeseen delays caused by the need to lodge a Supplementary Prospectus. This is also prior to an institutional investor roadshow which Class is undertaking with CBA this week.
As Barry Lambert, Chairman of Class, explains: “It has been great to see high levels of activity under the Class IPO application process, which has enabled us to quickly meet and exceed the minimum subscription under the IPO.”
The priority offer to Class customers (Contribution to Class Offer) under the Class IPO closes at 5.00pm on Friday 27 November 2015, and the General Offer closes at 5.00pm on Friday 4 December 2015.