LendMN, the most recent listed company of Mongolian Stock Exchange, is offering 200.0 million shares /25 percent of total shares/ to strategic investors and the public. The offers were received from 21 February 2018 until 07 March 2018.
The total subscription for the stock has totaled 1,659,715,218 shares, ordered by 6,552 individuals and entities for LendMN’s 12.5 percent or 100 million shares offered to the public, which was an oversubscription by 16.5 times. Allotment notice is to be delivered to the Financial Regulatory Commission on 9 March 2018, filling all orders up to MNT75,000 and allotting those over MNT75,000 on a pro-rata basis. The right to redeem extra payment shall be effective upon FRC’s declaration of the company’s IPO as successful.
MONGOLIAN STOCK EXCHANGE