initial public offerings (IPOs) trading on American exchanges

Wednesday, July 28, 2021

Alset EHome (AEI) Prices Public Offering of Shares, Warrants

Alset EHome International Inc. said it has priced an underwritten public offering of 6.4 million common shares to be issued by the company at $2.12 a share.

 The holding company also is issuing pre-funded warrants to purchase 8.7 million shares at $2.11 per pre-funded warrant. The pre-funded warrants have an exercise price of one cent a share.

The proceeds from the offering, are expected to be $32 million.

Alset EHome granted the underwriters a 45-day option to purchase additional shares, representing up to 15% of the number of the shares and pre-funded warrants sold in the base offering, solely to cover over-allotments, if any.

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