SkyEurope's landing on the Vienna bourse bodes well for Warsaw outing

The shares were sold for EUR6 per share and the company received EUR78 million from the sale. "We are pleased with the amount we received, particularly taking into account the total demand which exceeded 30 million shares," stated the airline spokesman Eryk Kłopotowski. On September 27 the SkyEurope shares will debut on the Warsaw bourse. Yesterday the Securities and Exchange Commission granted permission to trade the shares. SkyEurope used the so-called 'European passport' route, which allows an issue prospectus to be submitted in one of the EU states and the introduction of securities for public trading in other EU countries. The company decided to enter the Warsaw bourse due to the large potential of the capital market and because Poland is a key market for the Slovakian airline. "We hope for a debut exceeding the issue price," stated Eryk Kłopotowski. (Parkiet, p. 5) E.B.