New title Pegas Nonwovens starts conditional trading today on PSE and on 21 December trading starts also on WSE. According to HN daily, third IPO in the history of PSE was oversubscribed almost 6-times (on Friday there were rumours of fourfold oversubscription). The pricing came at EUR 27 (CZK 749.2), the upper limit of pricing range.
Our view: Due to significant interest in Pegas’s IPO we expect positive start of its trading today.