💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

UPDATE 1-Milkiland prices IPO at 33.78 zlotys/share

Published 11/26/2010, 04:35 AM
Updated 11/26/2010, 04:36 AM

* Equivalent to about 8.5 euros, vs indicated 11.5 euro max

* To sell 7 million shares worth 236 million zlotys

(Adds confirmation, quote, detail)

WARSAW, Nov 26 (Reuters) - Ukrainian group Milkiland has priced its initial public offering at 33.78 zlotys per share, or around 8.5 euros and compared with an indicated maximum price of 11.5 euros.

Milkiland will sell 7 million new and existing shares on the Warsaw bourse, worth a total of 236 million zlotys ($78 million).

"I am sure that thanks to the IPO proceeds the company enters a path of more rapid growth. We are also looking forward to working with Milkiland's new shareholders," chief executive Vyacheslav Rekov said on Friday.

The dairy producer which has assets in Ukraine and Russia originally aimed to get 72 million euros ($95 million) to increase its production capacities. (Reporting by Patryk Wasilewski; Editing by Dan Lalor) ($1 0= 3.023 zlotys = 0.7540 euro)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.