Pekabex to be back on WSE on July 8

Polish concrete prefabricate producer Pekabex will start trading its shares on the Warsaw bourse on Wednesday, July 8. The firm set its public offering price at PLN 10 a share and will offer 7.37 million shares. Therefore, the offer will be worth PLN 73.7 million. The total value of the newly issued shares will stand at PLN 30 million. As much as 8 percent of the offering was earmarked for retail investors. The shares were alloted on June 22. The firm used to be listed before, but it withdrew from the stock exchange 10 years ago due to financial difficulties. In 2014, Pekabex recorded nearly PLN 330 million in revenue.