Atal sets share price

Real estate developer Atal set its IPO price at PLN 22 a share and will offer 6.5 million shares. Thus, the value of the IPO will stand at PLN 143 million, the company said. Atal had earlied informed that it hoped to raise PLN 160 million through the IPO. Atal will offer 5.72 mln shares to institutional investors, and 780,000 shares for individual investors, the document showed. Subscriptions will be launched on May 28 and last until June 2 for individual investors and June 3 for institutional investors. The shares issued account for 16.79 percent of the company's stock capital. The company said in its initial public offering (IPO) prospectus that it wants to debut on the WSE in mid-June. Currently, the sole shareholder of the company is Juroszek Investments, controlled by Zbigniew Juroszek, founder and the CEO of Atal.