PRAGUE, Nov 29 (Reuters) - Czech real estate developer ECM Real Estate Investments expects to raise about 95 million euros in its initial public offering, Chief Executive Milan Janku said on Wednesday.
The company is offering up to 1.275 million new shares, plus up to 10 percent in an over-allotment option, and 315,000 existing shares. It earlier set a top price for the IPO of 55 euros per share.
Janku said he expected 65 million euros from the proceeds to go to the company.
((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))
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Keywords: ECM IPO/ CEO