NWR closes £1.1bn IPO with a bang, gains 6.7%
Coal miner New World Resources closed its £1.1bn IPO at the top of the 1,075p-1,325p range, in a deal over seven times oversubscribed. NWR listed 83.01m shares on the London, Prague and Warsaw stock exchanges, leaving 31.5% of the company in freefloat. The shares closed 6.7% above the issue price in conditional trading on LSE on Tuesday. Goldman Sachs, JP Morgan Cazenove and Morgan Stanley are global coordinators. Read EuroWeek on Friday for full coverage of the deal.
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