New Icelandic airline, PLAY, has reported a very successful share offering that closed on June 25. PLAY offered 221,906,800 new issued shares in two separate offer books. Approximately 4600 subscriptions were received for in total ISK 33.8bn (US$274m): Book A subscriptions were made for in total ISK6.7bn (US$55m) at a fixed rate of ISK18 per share; Book B subscriptions were made for in total ISK27.0bn (US$220m), with the final offer rate of ISK20 per share. The offering was managed by Arctica Finance, as lead financial advisor, and Arion banki as joint-financial advisor. Trading of the shares of Play on Nasdaq

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