Newag prices up to Z20 per share

By Nina Flitman
26 Nov 2013

A Z439.8m ($141.8m) IPO for Polish railway stock production and maintenance company Newag has been priced, with the bulk of the deal selling for over Z20 per share.

The company’s shareholders had planned to sell up to 21.8m shares — 48.4% of the company — with suggestions that it would be priced up to Z19 per share.  This week, it announced that some 19.6m shares had gone to institutional investors, priced at Z20.50 per share, while ...

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