PGE sets IPO record
Records are being set in the IPO market again with the Warsaw listing of utility PGE becoming the largest in Europe so far this year at Z6bn (Eu1.4bn). The offer was priced at the top of the range on Tuesday after investors had put in Z45bn of orders ––7.5 times the offer size, with the retail portion 43 times oversubscribed. Is the IPO market finally heating up? Read EuroWeek on Friday.
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