When did UTi Worldwide go public?
UTi Worldwide’s initial public offering in the U.S. became effective on November 2, 2000. 4.7 million ordinary shares were offered by the Company for $15 per share. On November 15, 2000, the underwriters exercised their over-allotment option to purchase an additional 705,000 ordinary shares. On December 13, 2002, the Company completed a follow-on public offering of 5,750,000 ordinary shares, including the underwriters’ exercise of the over-allotment option, priced at $23 per share. Of these shares, UTi issued 4,600,000 new ordinary shares and an existing shareholder of the Company sold 1,150,000 previously issued and outstanding ordinary shares. In connection with monetization transactions being conducted by United Service Technologies Limited (Uniserv), UTi’s largest shareholder at the time, an underwritten offering of the Company’s ordinary shares was completed on December 22, 2004. A total of 6,604,000 UTi Worldwide ordinary shares were sold, including the underwriters’ exercise of
