Polwax sets IPO price

Wax and paraffin producer Polwax has set the maximum price in its upcoming IPO at PLN 19 per share. This puts the value of the offering at up to PLN 72.56 million. Polwax announced earlier this week that the subscriptions and book-building in its initial public offering would take place between September 15-18. The company wants to debut on the Warsaw Stock Exchange around October 6. The shares in the offering will be sold by five shareholders, including PE firm Krokus, which is exiting the investment.