Enea's IPO proves barely successful
As trade opened, shares in state-controlled energy group Enea rose, but ended the day one percent in the red.
"I was surprised with such a poor debut. I expected higher interest after sector investor Vattenfall announced its involvement," said Kamil Kliszcz, an analyst with DI BRE.
The state is however pleased with the IPO, bearing in mind the difficulties on the financial markets and the fact that this was the largest IPO on the WSE in six months.
Representatives of Enea announced that the firm sold shares worth zł.2 billion, accounting for a 23.52 percent stake in its increased equity.
Privatization of the energy company should be concluded next year.
(Sources: Puls Biznesu, Rzeczpospolita, Gazeta Wyborcza) M.M.
"I was surprised with such a poor debut. I expected higher interest after sector investor Vattenfall announced its involvement," said Kamil Kliszcz, an analyst with DI BRE.
The state is however pleased with the IPO, bearing in mind the difficulties on the financial markets and the fact that this was the largest IPO on the WSE in six months.
Representatives of Enea announced that the firm sold shares worth zł.2 billion, accounting for a 23.52 percent stake in its increased equity.
Privatization of the energy company should be concluded next year.
(Sources: Puls Biznesu, Rzeczpospolita, Gazeta Wyborcza) M.M.
