ITOOLS JSC is offering 38.86% of its shares outstanding, or 13.4 million shares at a fixed price of MNT100 per share to finance the expansion of its data center business by establishing a TIER III standard Modular Data Center Park in Darkhan City and started taking orders from November 1st, 2017. Since the start of its subscription, a combined 331 individuals and entities have subscribed for 10.5 million shares, filling 79 percent of the total offering.
According to FRC Resolution no.173, titled “Listing of publicly offered stocks” of September 27th, 2017, the IPO of ITOOLS JSC will be considered to have been successful if 75 percent or more of its offering has been filled. Accordingly, ITOOLS JSC has now met this threshold for a successful IPO.
The MSE will continue taking subscription orders until November 10th, 2017.
MONGOLIAN STOCK EXCHANGE