Ayala Corp’s preferred shares sale 100% oversold

Ayala Corp’s preferred shares sale 100% oversold

Ayala Corp [AC 562.00 ?0.1%; 94% avgVol] [link] updated the exchange to say that it sold 5 million preferred shares [ACPB] as part of its firm offer, and 5 million additional preferred shares as part of its overallotment option, and that it will list all 10 million tomorrow.