Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (109)	10/24/1999 6:09:00 PM
From: Mohan Marette	Respond to of 1471

Satyam Infoway over-allotment option exercised. 10/25/99 (BusinesLine) CHENNAI: Satyam Infoway Ltd said the underwriters of its recent initial public offering of American depository shares (ADS) had exercised their over-allotment option to purchase an additional 626,250 ADSs, raising an additional $11 millions. After giving effect to this option exercise, the offering involved 1,801,250 ADSs, and the company has received net proceeds of over $80 millions from the total offering, according to a company release. The IPO price was $18 per ADS. Satyam Infoway, which is now traded on the Nasdaq under the symbol ``Sify', had originally raised $75 millions through the IPO by issuing 4.175 million ADSs. The offering was lead-managed by Merrill Lynch and co-managed by Salomon Barney._ Our Bureau