6pm Holdings plc said yesterday that due to the strong demand for the 2,250,000 shares offer, the offer was closed by 3pm on the first day of opening of the subscription lists.
Ivan Bartolo, an executive director, said he was especially pleased with the significant interest shown in the shares by foreign based investors.
The shares will be admitted to the official list of the Malta Stock Exchange on Monday, with Tuesday being the first day of trading.