CETV‘s share price dropped by 12.2% on Fri. On Nasdaq to 2.65 USD, or CZK 51.8, after the company announced a lower-than-expected issue price of USD 2.75/share (about CZK 54) for its new-share issue. The price was 13% below the closing price on Thur. Instead of raising USD 174m in the share issue, it will raise USD 150m. CME’s shares have now lost 95.5% of their value since it went public in 2005.