Polish cargo IPO: hot stuff | beyondbrics:
"Carrying cargo may appear to be dull but worthy work, but there is also a lot of money in it, as investors in PKP Cargo, the Polish rail cargo carrier, found out during the company’s Tuesday IPO.
The share price closed up 19.4 per cent at 81.16 zlotys ($26.70), up from its initial offering price of 68 zlotys.
The IPO was the largest so far this year on the Warsaw Stock Exchange, and one of the largest in Europe. The WSE is hitting new highs despite ongoing worries that the government’s tinkering with the pension system could damage pension funds that have been a key price support over the last decade."
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