Alliance Aviation's IPO raises A$74 mln

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Source: Marketwatch
© Scanpix/RS

The IPO of Alliance Aviation Services was priced at 1.60 Australian dollars a share. After four days the company raised A$74 million that is essentially lower than planned A$120 million. The shares are in the modest range from 10 and 11.4 times earnings for the next fiscal year or from A$2.00 and A$2.30 a share.

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