Following the IPO of Hoop in Poland earlier this week, shares in the Polish drinks maker debuted in Warsaw at a 13% premium to its initial offer price. The share price values the company with a market capitalization of more than 309m zlotys (US$80.6m).
Today, Hoop stock was trading at PLZ23.8 compared to an IPO price of PLZ21.
A total of 3m “E” series shares and 166,325 shares of “D” series were floated, some way off the original plan to float 5m “E” series and 1.5 million “D” series shares.
Some local reports blamed a lack of interest, from small and institutional investors.
However the company said that the PLZ63m raised was still in line with its expectations.
The company plans to use the capital to expand in to Russia.
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