Boart ready for ASX action

BOART Longyear has successfully raised $2.35 billion in what has been described as one of Australia’s largest public share offers – with 1.27 billion shares issued at a final price of $1.85 each – as a flurry of demand forced the company to scale back shares offered to retail investors.

Boart ready for ASX action Boart ready for ASX action Boart ready for ASX action Boart ready for ASX action Boart ready for ASX action

The world’s leading drilling services provider said in a statement that there was “strong demand” from both retail and institutional investors, with around 75% of shares allocated to the latter.

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