CAPITAL MARKETS

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.

Rebecca Lawson

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. “Retail...

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