Discounted Techpacific share offer closes at 1.05 times oversubscribed

PUBLISHED : Thursday, 13 April, 2000, 12:00am
UPDATED : Thursday, 13 April, 2000, 12:00am, which earlier this week said it had slashed the offer price of its shares, announced yesterday that its initial public offering (IPO) closed 1.05 times oversubscribed. The 300 million shares in the BNP-Prime Peregrine-sponsored IPO will sell for HK$1.05, down from the original target range of HK$1.38 to HK$1.68. The adjustment was due to deteriorating conditions for technology start-ups.