Morizon sets IPO price

WSE-bound phone producer Morizon set its IPO price at PLN 1.5 per share. The maximum price was PLN 2.05. Morion will sell 2,376,500 shares to institutional investors and 984,862 shares to individual ones. In March, the company submitted to the Financial Supervision Authority an application to issue up to 8.5 million H shares. Morizon also announced that it will use the issue to move all of its shares to the WSE main market from the alternative, small-cap NewConnect. Morizon owns several real estate portals.