Upstream company Kulczyk Oil Ventures saw little interest in its planned debut due to difficulties in the company's valuation and estimation of chances of success in planned exploration works, the daily Parkiet writes.
Nevertheless KOV is satisfied with the demand for its share for the coming debut, considering current stock market sentiment, CEO Timothy Elliott said.
On Tuesday the company decided to offer 166.4 mln shares, 51% of the initial plan, for PLN 1.89 apiece down 28% from the maximum price set in end-April.
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