LONDON (Alliance News) - Cairn Homes PLC on Monday said the over-allotment option on its recent initial public offering has been exercised.
Cairn said Credit Suisse Securities has exercised the over-allotment option in respect of 40 million shares in the company, or around 10% of its issued share capital.
The Irish housebuilder floated earlier this month, raising EUR384.9 million.
Shares in Cairn were trading flat at EUR1.05489 pence on Monday, just above its EUR1 IPO price.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Cairn Homes (CRN)