Friday, March 21, 2008

IPO in 2008.

Prague Stock Exchange listed 2 IPOs in 2007 (VGP, AAA Auto). Investors expected at least 2 more share issue. And 2008 doesn't promise any improvement. Especially used car seller AAA Auto is a big disappointment. Issue price (CZK 55) was well above issue value. And since first day share price has been going down (price today CZK 18). All promises during road show like expected profit for 2007 at CZK 200 mln didn't match reality. Company closed year with losses CZK 120 mln.

In 2008 we should see already postponed IPO NWR (owned by OKD). And also fourth developer CTP Invest.


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