Hawaiian Electric monetizes 2,000,000 ASB shares in IPO for USD 29.5 million
Hawaiian Electric Industries (HEI) has monetized 30% of its stake in American Savings Bank (ASB) through ASB's IPO, generating USD 29.5 million in net proceeds from the sale of approximately 2,000,000 shares. An additional USD 4.4 million in net proceeds may be generated if underwriters exercise their option to purchas