Bemobi trading commences
Bemobi (BMOB3) had its first day of trading on February 10[th] on the Bovespa stock exchange in Brasil. Otello ownership pre-IPO was 34 553 860 shares in Bemobi, equal to 83.92% ownership, with other shareholders holding 6 622 610 shares (16.08% ownership) and hence a full sharecount of 41 176 470. The base offering for the IPO was 49 732 622 shares, hence giving a total sharecount post-IPO of 90 909 092 shares and with Otello ownership reduced to 38.01%. With a full utilization of the greenshoe option, Otello will by selling 6 388 478 shares be reducing its ownership to 30.98%. As