Polish WP Holding to set IPO price at 31-32 zlotys/shr -sources

April 23, 2015 11:56 AM

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WARSAW, April 23 (Reuters) - The price in Polish online media group Wirtualna Polska Holding's initial public offering (IPO) will likely stand at 31-32 zlotys ($8-9) per share, below the offer's maximum price of 37 zlotys, three market sources told Reuters on Thursday.

The IPO consisted of up to 14.82 million shares, including up to 8.97 million new ones. Wirtualna Polska expected to raise 80-100 million zlotys from the IPO and said it would adjust the number of new shares accordingly to reach the goal.

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