Desert Control's 41% oversubscribed rights issue signals investors love dirt-cheap deals
Key Points
- Desert Control AS raised NOK 75 million but received 41% mor...
Desert Control AS just pulled off something that makes dating apps jealous: they got 41% more interest than they asked for. The Norwegian soil-fixing company wanted to raise NOK 75 million through their rights issue, offering 60.7 million shares at NOK 1.2347 each. Instead, investors rushed in with subscriptions for 85.7 million shares, proving that when it comes to sustainable agriculture, everyone wants a piece of the action.
When Everyone Wants Your Dirt
This oversubscription isn't happening in a vacuum. Just last week, BE Group AB saw their rights issue get oversubscribed by a whoppi...
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