IPO interest heavy for Aussie Scanbox

SYDNEY — An initial public offering of Scanbox Asia-Pacific, a low-budget TV and direct-to-video movie producer, closed four times oversubscribed Monday, raising A$12 million ($9.4 million) ahead of a May 19 listing on the Australian Stock Exchange.

SAP is a subsid of Scanbox Denmark, which is listed on the Copenhagen Stock Exchange and capitalized at about 101.4 million. Scanbox owns Hollywood’s Imperial Entertainment.

Melbourne-based SAP will be 51% owned by its Danish parent and 37.5% owned by new investors with the remaining shares held by senior management.

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