All you wanted to know about offer for sale

With the stock market bouncing back in the latter part of 2020, promoters of companies have used this period to offload shares of their companies to the public in droves.

These have been either through primary share sales through initial public offerings (IPOs) to list a company on the stock exchanges, or through secondary share sales of listed companies. Many companies have tried to squeeze through share sales by promoters before September 30, 2020.

UTI AMC, whose IPO is currently open, is an offer for sale by promoters. Chemical equipment maker GMM Pfaudler recently made waves after its offer for sale by promoters priced at a steep discount to the stock’s market price.

Investors are lapping up shares being sold by promoters and wait with bated breath for the shares to list or being allowed to trade.

This can be seen in the response to many IPOs and secondary sales

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Wanted: Buyer for 125-apartment development near BSU campus

Boise developer Greg Ferney envisioned an apartment complex at the site of a former health club near the Boise State University campus.

His Storage Development company drew up plans for a four-story, triangular-shaped building with 125 apartments at 1250 S. Division Ave. Ferney modified his design to appease neighbors and won approval from the City of Boise.

Now he’s looking to sell the property and the development rights. But Ferney isn’t saying why.

Colliers International has issued a call for offers for the project at the site of the Park Center Health and Racquet club.

The offering lists a sale price of $4.5 million for the 2.9 acres of land and development rights. That equates to $36,000 per apartment, according to the listing. Offers are due by 5 p.m. on Sunday, Oct. 4.

The property is owned by Bay Shore Oil Company of Huntington Beach, California. An affiliated company, D.D.

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