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Pomponio: second failed IPO on the stock exchange

Publicat la 22.05.2008, 21:00:00

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Pomponio: second failed IPO on the stock exchange

Order for 9.03 million shares, worth €8 million, had been placed yesterday by 3:52 p.m., when the offer ended. The offer involved the sale of 14.6 million shares, worth over €13 mln. According to representatives of the IPO intermediary subscribers included foreign investors.

The single tranche subscribed in full was that for preferential allocation. Major investors subscribed for 5.87 million shares of the 8.7 million offered in the large tranche, while the minor investor tranche attracted subscriptions for 1.7 million shares of the over 4 million offered.

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