The Lanka Indian Oil Company (LIOC) Initial Public Offering (IPO) is reported to be oversubscribed by between six and ten times, making it one of Sri Lanka’s most successful stock offerings. According to the Lanka News, more than 30,000 applications were received at the time of the IPO offer on November 29. A…
SRI LANKA: IOC IPO heavily oversubscribed
Posted on December 6, 2004 by EnergyAsia