ATM Grupa IPO wildly successful

It thus chose the maximum price possible, as its initial price range was set between zł. 30 - 36. The book building process, concluded on Wednesday, ended with oversubscription by around 900%. Analysts at DM Millennium, which offers the shares, estimate the share value at zł. 37.8. The tranche for institutional investors was increased by 95,000 shares to 1.095 million in reaction to high demand. The number of shares offered to private investors was reduced to 205,000. ATM hopes to raise between zł. 40 - 45 million from the issue. The funds are to be devoted to development of its production infrastructure. (Parkiet, p. 4) A.K.