Poland Sees Coal Producer JSW’s Share Sale at $1.94 Billion
This article is for subscribers only.
Poland expects to raise 5.25 billion zloty ($1.94 billion) from the initial public offering of coal producer Jastrzebska Spolka Weglowa SA, according to Bloomberg calculations based on offering documents published today.
Individual investors in Poland’s biggest IPO this year will be allowed to bid for a maximum of 75 shares in the European Union’s largest coking-coal producer, known as JSW, according to its prospectus. Sale procedures elsewhere on the company’s website said individuals may buy “about 10,000 zloty” of shares each, which implies a price of about 133 zloty for each of the 39.5 million shares being offered.