Inwest enters the bourse with a bang

The price of its shares rose by 481% - from zl.3.75 (issue price) to zl. 21.8 at close. Share reduction was 95%. About 1.05 million share rights were dealt with on the first day, which is more than there were offered in the public issue. Therefore some shares must have been bought and sold more than once, suggesting speculation. It was rather easy to speculate on IC shares due to the relatively small number of securities offered. The president of the IC supervisory board also came to the conclusion that the company's shares were speculated on, although, on the other hand, he felt positive about the enterprise's good economic condition. The currently listed rights for shares will be transferred into shares by the end of August this year. Then 400,000 more shares of A2 series will be offered. (Parkiet, p. 3) J.L.