Nixon Corporation was formed on 1 January 2019 with an authorized capital of OMRI million divided into common stock of OMR 0.200 each. The company came up with an Initial Public Offer by issuing 500,000 equity shares at OMR 0.200 each. IPO is subscribed up to 80%. What will be the right decision of the company as per the Oman Commercial Company law? 1. Cancel the IPO and refund all the money received II GO for underwriting option for minimum 10% of IPO III. Issue the shares to the subscribed 80% of the applicants.
III. Issue the shares to the subscribed 80% of the applicants. o a. I and Ill are right decisions o b.land II are right decisions. O c. None of these. o d. Il and ill alright decisions.