Poland sets IPO price at Tauron power at PLN 0.57, allocation to retail investors was increased to 25% of IPO offer, but largest subscriptions will nonetheless be trimmed, Tauron said in a market filing.
Poland will trim allocation to institutional investors to 5%, Treasury Minister Aleksander Grad said at a news briefing. Poland saw 121 institutional investors subscribe for Tauron's shares, twice as many domestic as foreign institutions, Grad said.
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