Brief: Otello Updates On Bemobi IPO In Brasil

Otello ASA

09/02/2021 07:49

Feb 9 (Reuters) - Otello Corporation ASA  OTELLO.OL :
    * UPDATE ON BEMOBI IPO IN BRASIL
    * OTELLO CAN CONFIRM THAT LISTING PROCESS HAS PROGRESSED AND
IS
EXPECTED TO BE FINALIZED VERY SOON
    * OTELLO WILL RELEASE NUMBER OF SHARES TO BE SOLD IN IPO AND
HENCE
SUBSEQUENT, INDIRECT OWNERSHIP BY OTELLO IN BEMOBI POST IPO TO
MARKET WHEN AVAILABLE.
    * FURTHER, OTELLO CAN CONFIRM THAT PRICING PER SHARE
APPLICABLE TO
INITIAL PUBLIC OFFERING (IPO) IS SET AT 22 BRAZILIAN REAL AND
THAT THIS IS TOWARDS HIGH END OF INDICATIVE PRICE RANGE

Source text for Eikon:  ID:nWkr8TLk89 
Further company coverage:  OTELLO.OL 

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