Morizon sets maximum share price at PLN 2.05

WSE-bound phone producer Morizon has set the maximum share price in its IPO at PLN 2.05 apiece. The company is selling up to 8.5 million shares of its new H series representing a 17.9 percent in the company's increased capital. The book building process starts on June 13. 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.