In a statement by Mdundo.com, Martin Nielsen who is the CEO of mdundo said that despite only marketing the IPO in Denmark, the company has since received inquiries from investors in Sweden and the rest of the world. However, they have had limited opportunities to subscribe for shares and are therefore now looking forward to investors outside Denmark also being able to trade the share from Friday and onwards.
Following the investor interest evident in the oversubscription, mdundo.com is yet to allocate orders of up to 500 shares. The music platform gave orders of between 500 and 25000 shares 500 shares, with 28.4% receiving more than 5000 shares.
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