Middle East Economic Survey
VOL. LIV
No 7
14-Feb-2011
CASPIAN
Max Petroleum Raises $85Mn From Shares Sale To Fund Kazakh Exploration
Michael Young, CEO of UK-based independent Max Petroleum, told Dow Jones on 4 February that his company raised $85mn through an initial public offering (IPO) on 2 February, exceeding its capitalization target by $10mn. We had a very good response from the investor community, he said. We expected the fundraising to take up to two weeks but were able to close the...
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