Poland's top insurer PZU saw 250k retail investors subscribe for the firm's shares in the planned IPO, no reduction will be conducted, Treasury Minister Aleksander Grad told a press briefing.
"Over 250k Poles signed up for PZU shares," Grad said, adding that over PLN 2 bln was spend on the shares.
PZU will set the price for institutional investors on Friday, April 30.
PZU will debut on May 14, offering 25,819,337 or 29.9% of existing shares.
The Treasury will offer at least 12,866,492 (14.9%) shares and an additional 5% stake. Dutch insurer Eureko will offer 6,044,661 (7%) shares and an additional stake of 2,590,569 (3%) shares.
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