Thursday, April 10, 2008

The biggest IPO on stock market.

Mining group New World Resources (NWR) share issue is coming to 3 European stock markets. Company intends to float shares on stock exchanges in London, Warsaw and Prague. IPO is expected during second quarter this year. 25 - 33% of shares should be listed and NWR seeks 300 mln EUR (analyst's top estimates are 1,4 bln EUR) from transaction. This would be the biggest IPO on Prague Stock Exchange in its history.
NWR Group owns OKD (black coal mining company) which is the biggest asset with 143 mln EUR net profit last year.

Comments

2 Responses to "The biggest IPO on stock market."

Barry said... April 11, 2008 at 7:33 PM

So are these pointers, or do you invest in them yourself too?

Vlada, Czech Republic said... April 11, 2008 at 7:59 PM

Hello Barry, this post is just pointer. But I post on my blog also trades which I invest in.

I think this will be very interesting IPO in Czech Republic. I'd say this market is really poor on initial puplic offerings. It has bad history and many traders are afraid of. In contrary, Hungary or Poland it's a different story.