Asian Pay Television Trust ("APTT" or the "Company") finally launched its IPO at a price slightly higher than the mid-point range of $0.97. (The offering range was between $0.92 to $1.00). My preview post is here and the link to prospectus is here. The IPO will end on 27 May 12pm and will start trading on 29 May at 2pm.

The share offering is as follows:

-  Up to 866m units will be via placement 

-  70m units for a public offering. The market cap based on the IPO price is approximately $1.4 billion.

According to news report, the book was about 3x subscribed and given that this is a large float, you can say that it is pretty "impressive".  APTT is offering up to 936,164,086 units at $0.97 each and up to 1,008,004,086 units if over-allotment option is exercised. It is the first listed ...