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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety