RPT-ECM's IPO over-allotment option exercised in full

10.01.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Repeats story published late on Tuesday)...

...

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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