NWR IPO: Changes to IPO issue

Initially, we had presented the review of the NWR IPO or New World Resources IPO from the Czech Republic. There have been minor changes to the IPO proceedings. The details are as under:

NWR said in a statement institutional bookbuilding, which started on April 23, will close on May 2 instead of May 7. Retail subscription in the Czech Republic and Poland will close on May 5 instead of May 6.

It also said conditional dealings on the London Stock Exchange would be launched on May 6, instead of May 8.

Trading should start on May 6 in Prague and on or about May 12 in Warsaw, compared with previously announced dates of May 9 and May 14, respectively.

Other details of the IPO such as the price range remained unchanged, NWR said.

The price range has been set at 10.75 to 13.25 pounds per share and the offering would value the entire company at 2.8 to 3.5 billion pounds. Let’s see how this IPO performs in the markets.

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