Uniwheels sets IPO price at PLN 105 a share

German alloy wheel manufacturer Uniwheels set its IPO share price at PLN 105 apiece, PLN 14 PLN lower than the maximum price. The offer is valued at PLN 504 million. There will be 4.8 million shares available in the public offering, half of which will be newly issued. Individual investors will be able to acquire 5 percent of the offered stake. The manufacturer wants to debut on the WSE on May 8, Puls Biznesu daily reported previously. "The company is going to c0mmit funds obtained through the IPO to partially finance the construction of a new production plant in Poland," Uniwheels informed. The company has two factories in Stalowa Wola, southeastern Poland.