Santos revealed Wednesday only about 57% of available retail entitlements were taken-up under the second stage of its A$2.5 billion (US$1.83 billion) equity raising.
This means that it only raised about A$775 million under the retail entitlement, out for the A$1.35 billion in entitlements on offer.
The remaining 152 million retail entitlements, worth roughly A$585 million, will now be offered in a retail shortfall bookbuild which Santos said would be completed before the market opens on Thursday.
Despite
