Enea's successful IPO raises zł.2 billion
Proceeds have been estimated at zł.2 billion, which is almost 30 percent less than originally expected. Based on book-building, the firm decided to opt for a lower raising of its equity and thanks to this move it managed to achieve an acceptable offer structure, the majority of which will be sold to Swedish Vattenfall.
According to Puls Biznesu, the investor will control up to 19 percent of all shares despite that it wanted to purchase a 25 percent stake. In the tranche dedicated for individuals and financial investors reduction in subscription will be minor.
"This means that the debut of Enea will not allow a quick profit for speculators, as everyone purchased roughly as much as they wanted. During the first session there might be persons willing to sell shares and thus one should expect a repeat of the situation with ZA Tarnów's debut," said an analyst with a large investment bank.
Sources: Puls Biznesu, Parkiet, Rzeczpospolita (M.M.)
According to Puls Biznesu, the investor will control up to 19 percent of all shares despite that it wanted to purchase a 25 percent stake. In the tranche dedicated for individuals and financial investors reduction in subscription will be minor.
"This means that the debut of Enea will not allow a quick profit for speculators, as everyone purchased roughly as much as they wanted. During the first session there might be persons willing to sell shares and thus one should expect a repeat of the situation with ZA Tarnów's debut," said an analyst with a large investment bank.
Sources: Puls Biznesu, Parkiet, Rzeczpospolita (M.M.)
