The IPO of Polish grocery chain Dino was red hot into the home stretch, with pricing running above the retail max as high as PLN 34.50 per share, three local participants told PAP of the last minute bidding.
Books were said to be twice covered at PLN 34.50 just ahead of the finish line, two individuals said, but with more and more bidders having dropped out as the market approached, then passed, the retail max price of PLN 33.50 per share, one noted. A third still spoke of a range between PLN 33.5 and 34.5.
Owners planned to sell an up to 49% stake or 48.04 mln A-series ordinary shares offered by Polish Sigma Group, unit of PE fund Enterprise Investors, a prospectus out on March 20 showed. The maximum price had been set at PLN 33.5, but that only caps the price in the retail tranche.
The final IPO price is to be announced later this morning.
Comments : 0
|SADOVAYA GROUP||0,32||+10,34 %|
|SECO WARWICK||24,20||+10,00 %|