Private placement with listing requires Investment Trusts to secure exchange approval, meet investor thresholds, and complete placement memorandum filings. Private placement with listing by an Investment Trust requires in-principle approval from recognised stock exchange(s) and filing of a placement ... Summary
Private placement with listing requires Investment Trusts to secure exchange approval, meet investor thresholds, and complete placement memorandum filings.
Private placement with listing by an Investment Trust requires in-principle approval from recognised stock exchange(s) and filing of a placement memorandum with the Authority at least five working days before opening the issue. Funds may be raised from accredited investors or investors committing at least USD 150,000, subject to a USD 1 million minimum where less than eighty per cent of asset value is invested in completed and revenue-generating assets. The offering must have between two and one thousand investors, and the final placement memorandum must be filed within ten working days after listing.
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