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Oct 10, 2007 17:47 EEST
September 10 (SeeNews) - Bulgaria's financial regulator has endorsed a 22.1 million lev ($16 million/11.3 million euro) initial public offering (IPO) of local road construction company Trace Group Hold, Trace said on Wednesday.
It will offer 200,000 shares to the public at 110.50 levs each in the offering to be conducted by the end of this month, the company said in a statement.
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Trace’s IPO will be first of a dozen planned by Bulgarian companies for this autumn. Based on the offer price, Trace will have a market capitalisation of 243.1 milllion levs.
(1 euro = 1.95583 Bulgarian levs)
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