Alumetal IPO valued at PLN 293 mln

Aluminum producer Alumetal has set the issue price in its upcoming IPO at PLN 35, according to the company’s press release quoted by ISBnews. This puts the offering’s value at PLN 293 million. The selling shareholder is private equity firm Abris Capital Partners. The final number of shares to be sold to institutional investors is 7,538,850. Individual investors will be able to buy  837,650 shares. Subscriptions for institutional investors are planned for July 4-8 and the shares will be allocated on July 10. The debut on the Warsaw Stock Exchange is expected in mid July.