Mar. 15 at 4:47 PM
$IBG BREAKDOWN OF THIS OFFERING FLUSH IN IBG:
When a company files a form F-1 before the deal is priced, the SEC requires an estimated offering price to calculate the registration fee. IBG used
$3.60 per unit (assumed price based on recent trading price, banker guidance before the book building process). After the book building process with institutional investors, demand determined the real price:
$1.75 per unit.
What each
$1.75 unit contains:
1 ordinary share (or a pre funded warrant instead of the share)
1 series A warrant
1 series B warrant
exercise price of both warrants are at
$1.75 and they dont expire for 5 years.