Eros International prices IPO at $11, below expectations

By Renaissance Capital,

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Eros International, which produces and distributes Indian films in over 50 countries, raised $55 million by offering 5.0 million shares at $11, below the expected price of $12. Eros International plans to list on the NYSE under the symbol EROS. Deutsche Bank, BofA Merrill Lynch, UBS Investment Bank, Jefferies and Credit Suisse acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: EROS

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