PKP Cargo shares meet full demand at lower-end prices
October 18, 2013
The books of the Polish rail freight carrier PKP Cargo, which is scheduled to last by October 22, has already been fully covered at prices close to the lower end of the unofficial price range, the daily Parkiet writes citing several fund managers.
Large investors filed demand for all shares offered, but declared intention to buy the shares at PLN 59-60.
Considering recent gains on the Warsaw Stock Exchange and PKP Cargo's parameters the final share price should land somewhere in the middle of the price range of PLN 59-74, one of managers is cited as saying.