ECM's IPO over-allotment option exercised in full

09.01.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Bank Austria Creditanstalt has exercised in full an over-allotment option for 127,500 shares in Czech developer ECM Real Estate Investments ,...

...the company said on Tuesday.

ECM went public in December, selling 1.275 million new and 315,000 existing shares plus the over-allotment.

The offering, priced at 47 euros per share, valued the firm at 262.7 million euros ($342.1 million) including the over-allotment and outstanding warrants transferable to shares.

CA IB, a unit of Bank Austria Creditanstalt, was lead manager of the issue.

The stock closed at 1,468 crowns on Tuesday, compared with the IPO price of 1,318.3 crowns.

[PRAGUE/Reuters/Finance.cz]

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