Singapore's Nanofilm Technologies IPO oversubscribed

Singapore's Nanofilm Technologies IPO oversubscribed

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

The bookbuild portion of Singapore’s Nanofilm Technologies International’s up to S$510 million ($375 million) initial public offering (IPO) has been subscribed about 19 times, two sources with knowledge of the matter said on Friday.

Demand for the bookbuild segment came in at about S$4.4 billion versus the S$230 million worth of shares being offered, said one of the sources who declined to be named as the information is not public.

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