Idea Bank to debut on WSE on Thursday

Commercial lender Idea Bank will start trading its shares on the Warsaw Stock Exchange main floor on Thursday. It will be the 473rd company traded on the bourse and the fifth debut this year, the WSE announced. The value of the IPO stands at PLN 254.18 million. The company is issuing 10.590 million M series securities. The demand has exceeded the issue, as investors have already signed up for 12.391 million shares. The rate of reduction for individual buyers was 75 percent, while all orders from institutional investors were filled. At the end of December, the Idea Bank group had 200 stationary offices and 31 mobile outlets.