APN Outdoor Group is aiming to raise AUS $329m from its initial public offering and will list on the Australian Securities Exchange (ASX) on November 20, 2014.
We understand that APN is offering 129.1m shares to the market at a price of $2.55 per share – if fully subscribed the company’s market capitalisation will be $424.9m (existing shareholders account for a further 37.5m shares_.