Dawn raid for Police
Shares in Polish chemical firm Police started trade on the Warsaw bourse at zł.10.6 per share on Thursday, gaining 2.9 percent over the initial public offering price.
The company offered 15 million new shares at zł.10.30 each. Early on, the price rallied to zł.10.75, valuing the whole company at zł.806 million. Trading eased off a little on its first day and settled at zł.10.70, before dropping to zł.10.65 on Friday.
After the offering, the state's stake dropped to 68 percent. The new shares account for 20 percent of the firm's increased capital and 12 percent belongs to employees. (Reuters)
The company offered 15 million new shares at zł.10.30 each. Early on, the price rallied to zł.10.75, valuing the whole company at zł.806 million. Trading eased off a little on its first day and settled at zł.10.70, before dropping to zł.10.65 on Friday.
After the offering, the state's stake dropped to 68 percent. The new shares account for 20 percent of the firm's increased capital and 12 percent belongs to employees. (Reuters)
