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The initial public offering (IPO) for Czech artificial fabrics maker Pegas Nonwovens has been oversubscribed by investors at the top of the range, a source familiar with the matter said on Thursday.
The company had given a price range of between 21.5 to 27.0 euros per share, putting the value of the entire offering at up to 143 million euros, including the over-allotment option.
Books in the firm's initial public offering close at 1700 GMT and pricing of the issue should be announced on Friday.
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.
ING is the global coordinator of the IPO.
[LONDON/Reuters/Finance.cz]