Ovostar Union raises $33 million at IPO in Warsaw
2011-06-20 12:41:43
Ovostar Union N.V. (Netherlands), a holding company of one of the largest Ukrainian producers of eggs and egg products, Ovostar Group, has attracted 93 million zlotys (33.4 million dollars) in an initial public offering (IPO) on the Warsaw Stock Exchange (WSE).
As the press service of the exchange reported, in all 1.5 million shares were placed (25% of the capital) at a price of 62 zlotys per share. 200 thousand shares went to Polish individual investors, 1.3 million shares to Polish and foreign institutional investors.
The company planned to gain a net of $31 million in the IPO on the WSE.