Network Ten’s IPO a big hit in Oz

Oversubscribed despite lagging performance

SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success.

After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way for Ten to stage its Australian Stock Exchange bow on April 14.

More Biz

  • Bob Iger Rupert Murdoch

    Disney-Fox Will Be Global Powerhouse, Especially in Asia and Europe

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

  • Disney Fox mega deal acquisition Illustration

    Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

  • Staff members of online news publisher

    'Young Turks' Reporter Sues HuffPost Over Sexual Assault Report

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

  • Russell Simmons

    Russell Simmons Accused of Sexual Misconduct By Eight Women

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

  • Disney-Fox Deal: Uncertainty, Anxiety Heighten as

    Disney-Fox: Shock, Fear and Uncertainty Heighten in Face of Impending Mega Deal

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

  • Ryan Wiik photographed at his home

    Norwegian Cowboy Actor Settles Lawsuit Against Ex-Lover

    SYDNEY — Low ratings and a distinct lack of success with local product hasn’t stopped the A$375 million ($252 million) partial IPO of CanWest-backed Network Ten Australia from being a huge success. After all 47,000 prospectuses were snapped up within days of issue, the IPO closed six times oversubscribed on March 20, clearing the way […]

More From Our Brands

Access exclusive content