Zabka Shares Erase Gains as Retailer’s Warsaw Debut Falls Flat
- Firm’s IPO is biggest offering in Warsaw in four years
- Investors scrutinize chain’s rapid pace of store openings
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Shares in Zabka Group SA erased an early surge to close flat, as Europe’s fourth-largest initial public offering this year saw a muted Warsaw debut.
The CVC Capital Partners Plc-backed convenience store chain closed unchanged at its IPO price of 21.5 zloty, giving the firm an implied market capitalization of more than $5 billion, according to Bloomberg calculations.