The 60% institutional tranche was 5.13 times covered, with about 90% of the order amount coming from international accounts. In total, the deal attracted approximately $7.4 billion worth of orders and was 3.47 times subscribed.
Orders from retail investors didnÆt quite fill the 30% of the offering set aside for them, but given the large size, the subscription ratio of 0.96 times meant that they did submit close to $650 million worth of orders. About 590,000 retail investors submitted an application, which suggests there are plenty of people with...
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