OVERSUBSCRIBED? – Main Event Offering General Public 2% in IPO, Founders and Mayberry Investments Holding Onto The Rest.
From all indications the Main Event Entertainment Group’s IPO will be over-subscribed, as more than 98% of the shares are already locked-up and accounted for, this according to Businessuite Markets having reviewed the just released prospectus.
Main Event Entertainment Group is seeking to raise approximately JA$120 million in an IPO which values the company at JA$480M or approximately US$3.7M. Of that amount it only needs from the General Public 2.2% for the 6.6 million shares allocated according to the prospectus.
MEEG Holdings Limited 240,004,000 80%
Mayberry Client Reserved Share Applicants 15,000,500 5%
Mayberry West Indies Reserved Share Applicants 15,000,500 5%
Company Reserved Share Applicants 4,801,920 1.6%
Key Partner Reserved Share Applicants 18,595,940 6.2%
General Public 6,602,140 2.2%
Total 300,005,000 100%