Define: Qualifying IPO
an IPO in which the net aggregate subscription amount in respect of new Ordinary Shares issued at the time of the IPO is not less than PS * at an issue price per Ordinary Share of at least PS * / * times the Starting Pri
an IPO in which the net aggregate subscription amount in respect of new Ordinary Shares issued at the time of the IPO is not less than PS * at an issue price per Ordinary Share of at least PS * / * times the Starting Price (subject to appropriate adjustment following any Bonus Issue or Reorganisation);.
Relevant Circumstances
- When investor rights are triggered only by an IPO meeting a minimum size and price
- If conversion or anti-dilution mechanics depend on a qualifying listing
- Where lock-up or drag rights require the IPO to clear a defined threshold