Play reduction rate reaches 81.6%

WSE-bound telecom Play Communications has allotted all 121.5 million shares in the IPO with the average reduction rate reaching 81.6 percent, the company said in a market filing. Play sold nearly 6 million shares to individual and over 115 million shares to institutional investors at PLN 36 apiece, valuing the IPO at PLN 4.4 billion. Play plans to debut on the WSE on July 27.