Just 48 hours to go until PKO BP subscription opens

BGŻ brokerage is managing the PKO BP IPO and its valuation of the shares is the first to be published. Using the discounted dividend method, BGŻ analysts value the shares at zł.16-19 each, while using the comparative method, based on the projected Price/Earnings ratio, the shares can be valued at zł.23.4-24.8 each. This means the State Treasury would collect anywhere between zł.4.8-7.4 billion. Treasury Minister Jacek Socha has publicly stated that his target is zł.6 billion. Individual investors can begin subscribing for PKO BP shares from Monday. The official price range for the shares will be announced on October 21, and the actual price on November 3.Meanwhile, the management of the bank is calling on the police to help control anticipated crowds during the first few days of the offer (Puls Biznesu, p. 6; Gazeta Wyborcza, p. 1) T.J.