Poland's Largest Ever IPO Adds to Tech Boom
Poland's e-commerce leader Allegro has set its initial public offering (IPO) for Oct. 12 and outlined details for its listing on the Warsaw Stock Exchange. The company expects to raise about $2.3 billion in its market debut by selling 213.5 million shares at a price of 43 zloty per share (or roughly $11.14 per share).
Allegro is now on track for the biggest initial public offering in the history of the Warsaw Stock Exchange. The offering values the company at roughly $11.2 billion and is also set to make the online retailer Poland's most valuable company, surpassing video-game developer and publisher CD Projekt.
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Source Fool.com
