Bulgarian engineering and construction company Enemona will sell shares in its initial public offering at the maximum issue price of 16.8 levs ($12.8/8.6 euro) each, the lead manager said on Tuesday.
The offering of the two million shares in Enemona was 30 times oversubscribed, Elana Trading said in a statement. The minimum price in the IPO was set at 11.0 levs per share.
The issue price puts Enemona’s initial market capitalisation at 200.5 million levs. Shares in the company are expected to start trading on January 8.
Enemona has raised 33.6 million levs in the IPO, which will be used for energy projects, capacity boost and debt refinancing .
(1 euro = 1.95583 Bulgarian levs)
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