The first part of the placement is the institutional offer, which is done.
The entitlement offer has an allowance for 40% oversubscriptions, which could theoretically raise about $145m if all holders opted to oversubscribe to the maximum.
The Wilsons will be on the hook for at least $275m unless they allow further sub-underwriting from institutions that did not receive all they wanted in the institutional offer.
I sure hope their secret sauce is transportable internationally, it's a helluva bold step for your first international foray... - Eternalgrowth
The first part of the placement is the institutional offer,...
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