What happens if a share offering is oversubscribed?

What happens if a share offering is oversubscribed?

Oversubscription is a special case for share offerings. As shares are issued in defined numbers of units, the final remaining subscription amount may not correspond exactly to a whole share.

What options does the issuer have?

In this case, the issuer decides whether to:
  1. contribute the missing amount for the final investor,
  2. reject the subscription of the final investor, or
  3. maintain a waiting list.
Alert
The exact procedure must be coordinated with CONDA Capital in advance.