APS Bank plc has issued a company announcement informing that it intends to close the IPO at 3pm on Friday, the same day that ot opens.
This decision is being made based on information received from Authorised Intermediaries and preliminary indications shared by them.
The Bank added that all applications received by the time indicated will be processed, and a further company announcement with details of the Allocation Policy will follow in due course.
Marcel Cassar, APS Bank CEO, commented: “The feedback to our IPO has been astonishing and it became clear over the past hours that the response is going to be overwhelming. The decision to announce today a closing for the afternoon of 3 June was made in the interest of keeping all subscribers, and the market in general, duly informed. We are most grateful for the trust and support being shown in what is one of the largest equity IPOs in the history of Malta’s capital market”.