Pegas IPO price not to exceed 50 euros/shr-source

04.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Dec 4 (Reuters) - Czech fabrics maker Pegas Nonwovens will offer up to 5.284 million existing and new shares to investors in an upcoming initial public offering, a market source with knowledge of the deal told Reuters on Monday.

The share price is not expected to exceed 50 euros in the IPO, the source said.

The source, speaking on condition of anonymity, said that if the issue is fully subscribed, the stock's free float could reach up to 56 percent after the market debut expected around Dec. 20.

The company has said it expects to release a prospectus on the share issue later on Monday. ((Reporting by Jan Korselt, writing by Jan Lopatka, editing by Paul Bolding; prague.newsroom@reuters.com; Reuters Messaging: jan.lopatka.reuters.com@reuters.net; +420-224 190 474))

Keywords: PEGAS IPO/

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