Pegas prices IPO at 27 euros per share -sources

15.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech artificial fabrics maker Pegas Nonwovens has priced its initial public offering (IPO) at 27 euros per share, at the top of the range, ...

...two market sources familiar with the matter said on Friday.

The company had given a price range of between 21.5 to 27.0 euros per share, valuing the offering at up to 143 million euros ($188.8 million), including the over-allotment option.

Sources said the offering was several times oversubscribed.

The company, a European number two among suppliers of hygiene products such as nappies, is offering up to 2.02 million new and up to 3.26 million existing shares, including an over-allotment option of 689,250 existing shares.

[PRAGUE/Reuters/Finance.cz]

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