The Czech Securities and Exchange Commission (SEC) approved the IPO of Limart (a steel sheet maker), which seeks to raise CZK 175 mil.-340 mil. (1 mil.-1.7 mil. of new shares with a price range of CZK 175-200 per share) of new capital. The SEC also approved the listing of 1.7 mil of existing shares. It is expected that the shares could be first traded on the Prague Stock Exchange (PSE) New Market in July. Since this would be the first IPO on the PSE, its experience will be an interesting indicator of the future prospects of capital raising on the PSE. Nevertheless, the small size of the market capitalization significantly limits its importance for the whole market
(Jiří Soustružník)