Grupa Lotos debut expected to disappoint investors

The stock price will be influenced by foreign investors and employees of the company, who will be allowed to trade the shares as of today. This is rather bad news for those who were supporting the transaction with loans, as in order to break even, the shares would have to debut roughly 20% above the issue price of zł.29. "The debut will be successful, but in my opinion it will not satisfy all the individual investors," said Adam Ruciński, a managing partner at TFI PZU. Earlier this month Grupa Lotos collected zł.1.015 billion from selling its B series stock. (Parkiet, p. 4) M.M.