On July 14, Agricultural Company AgroGeneration (France), which owns assets in Ukraine, stated that it raised 11.5M EUR from the initial public offering (IPO) on the New York Stock Exchange (NYSE) Euronext. The company reports on the collection of bids from investors on 6.942 million shares at 2.05 EUR per share, although initially the amount was set at 4.878 million shares.

AgroGeneration decided to take advantage of the situation and to place 5,609 756 million shares of (16.4% of the enlarged share capital), which allowed attracting 11.5M EUR.

The company intends to use borrowed funds to expand its activities in Ukraine. Organizers included Invest Securities (France) and international banking group Rothschild. As reported, NYSE Euronext operates stock exchanges in New York, Paris, Amsterdam, Brussels, Lisbon and London International Financial Futures and Options (LIFFE).

UAIndex