Deals
Nine Entertainment Raises A$643 Million in Amid IPO Rush
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Nine Entertainment Co. and its owners plan to raise about A$643 million ($582 million) in Australia’s second-biggest initial public offering this year as first-time share sales in the country surge.
Nine will sell shares at A$2.05 apiece, the low end of a marketed range, and will have a market capitalization of A$1.93 billion, the Sydney-based company said yesterday in an e-mailed statement. The broadcaster marketed shares at A$2.05 to A$2.35.