Thursday, September 6, 2007

Next IPO at Prague Stock Exchange is OKD.

New World Resources (NWR) is going to issue initial public offering for OKD to increase capital about 300 mil. EUR. Emission should be together at Prague Stock Exchange and London Stock Exchange. Planned month is October or November this year. Managers are Patria Finance, JP Morgan and Morgan Stanley. IPO NWR could be the biggest primary emission. Gained capital is expected to use for acquirement energy companies and coal mines in Poland and Ukraine.Director of Prague Stock Exchange informed that till end of 2007 we could see 5 IPOs.


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