Zentiva shares have been priced in the IPO at CZK 485 each and its GDRs at USD 18.36, which indicates a market capitalization for Zentiva of approx. USD 700m. The issue was reportedly oversubscribed and the price is closer to the higher end of the subscription price range of CZK 400 - CZK 525 per share. Trading in Zentiva shares will begin on the Prague Stock Exchange on June 28, while GDRs will begin trading in London today. Source: Reuters.
The stock is expected to enter the headline PX-50 and PX-D Czech indices.
Jan Hajek