Investors thirst for more
The stock opened at zł.55 per share, valuing the entire company at zł.239 million.
Polmos sold 2.5 million new and existing shares at zł.50 each, with the price set near the middle of an earlier announced range. Polmos Lublin is the ninth new company to list its shares in the vibrant Warsaw market this year.
Its strong debut bodes well for the privatization of its bigger peer, Polmos Białystok, the owner of the world-famous Żubrówka brand.
Poland wants to float a minority stake in Białystok in March at the earliest and sell 51 percent to a strategic investor.
Polmos Lublin, which is controlled by Polish entrepreneur Janusz Palikot, previously predicted its net profits would double in 2005 to zł.18 million, on sales of zł.458 million. (Reuters) J.T.
Polmos sold 2.5 million new and existing shares at zł.50 each, with the price set near the middle of an earlier announced range. Polmos Lublin is the ninth new company to list its shares in the vibrant Warsaw market this year.
Its strong debut bodes well for the privatization of its bigger peer, Polmos Białystok, the owner of the world-famous Żubrówka brand.
Poland wants to float a minority stake in Białystok in March at the earliest and sell 51 percent to a strategic investor.
Polmos Lublin, which is controlled by Polish entrepreneur Janusz Palikot, previously predicted its net profits would double in 2005 to zł.18 million, on sales of zł.458 million. (Reuters) J.T.
