TA makes partial exit as Speedcast IPO raises $139m
Satellite telecom provider SpeedCast is trading at a modest premium to its IPO price following an offering that raised A$150 million ($139 million) on the Australian Securities Exchange and facilitated a partial exit for TA Associates.
The company was trading at A$2.08 by mid-afternoon on Wednesday, down nearly 1%, after closing up 8.2% at A$2.11 on debut the previous day. Speedcast sold 76.5 million shares in the IPO at A$1.96 apiece....
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