Altus TFI sells all shares in IPO

Investment fund manager Altus TFI sold all shares offered in its IPO, the company said in a statement quoted by ISBnews. The company raised PLN 141.36 million from a new share issue. Another PLN 19 million was generated from the sale of existing shares. In the individual investors tranche, 1.5 million new issue shares were sold, with allocation on Friday. Total demand was for 11 million shares. A day earlier, Altus TFI allocated 16.88 million shares to institutional investors. The issue price was earlier set at PLN 9.5.