Intel Said to Deny Shares to About 33% of Orders in Offering
MT Newswires Live
Aug 11
Intel's (INTC) $20 billion offering ended multiple-times oversubscribed and around 33% of investors who placed orders didn't receive any shares, Bloomberg reported Tuesday, citing people familiar with the matter.
The 10 biggest investors in the offering took 55% of the shares, while the 25 largest investors took 80%, the report said, citing the people.
Intel didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.