{"id":7914,"date":"2011-04-20T09:52:59","date_gmt":"2011-04-20T13:52:59","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=7914"},"modified":"2011-04-20T09:52:59","modified_gmt":"2011-04-20T13:52:59","slug":"taxpayers-to-foot-bill-for-failed-commonwealth-brewery-ipo","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/04\/taxpayers-to-foot-bill-for-failed-commonwealth-brewery-ipo","title":{"rendered":"Taxpayers To Foot Bill For Failed Commonwealth Brewery IPO"},"content":{"rendered":"<p>The $62.5 million Commonwealth Brewery Limited initial public offering  (IPO) will most likely be undersubscribed, but the offer will not be extended  further to the general investing public.<\/p>\n<p>The news comes from Michael Anderson, president of the IPO\u2019s placement  agent Royal Fidelity, who says that stakeholders will have to wait until  at least the close of business on Thursday for the final results of the  IPO\u2019s subscription levels.  Heading into the last week of the IPO, 60  percent of the offer had been confirmed, but Anderson says that although  the final days of the offer demonstrated strong retail interest, some  large institutional investors may have had a change of heart.<\/p>\n<p>\u201cI don\u2019t think it will be oversubscribed,\u201d Anderson told Guardian  Business yesterday.  \u201cTo be honest, I think we lost a few large  institutional investors.\u201d<\/p>\n<p>This means that the  government or one of its agents will subscribe the balance of the IPO.   The  amount of its investment in the brewer, liquor and other beverage  distributor will likely be known shortly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $62.5 million Commonwealth Brewery Limited initial public offering (IPO) will most likely be undersubscribed, but the offer will not be extended further to the general investing public.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[98,47],"class_list":["post-7914","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial","tag-investing"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/7914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=7914"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/7914\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=7914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=7914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=7914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}