EntornoInteligente | Gonzalo Morales Divo Georja// Alliance Financial Services IPO Suspended » EntornoInteligente

EntornoInteligente | Gonzalo Morales Divo Georja//
Alliance Financial Services IPO Suspended

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Entornointeligente.com / Alliance Financial Services’s Initial Public Offering (IPO) which should have opened today, has been suspended.   It is now set to open on January 28.   The closing date will be announced.   Alliance Financial says after the publication of the Prospectus on December 21, the Directors of the Selling Shareholders were made aware of a matter relating to a separate entity in which there are connected parties.   It says the selling shareholders have deemed it prudent to suspend the IPO offer but anticipate that the matter will be resolved shortly.    Alliance Financial is looking to raise at least $1.5 billion.   Some 1.2 billion shares will be sold at $1.59 each.

Gonzalo Morales Divo

Entornointeligente.com

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