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Oct 05, 2007 11:36 EEST
October 5 (SeeNews) - Croatia's top telecoms company T-HT made its bourse debut in Zagreb and London on Friday morning, rising 53.2% in Zagreb alone from the price in the initial public offering (IPO) set by the government .
Shares in T-HT changed hands at 406 kuna ($78.4/55.5 euro) after trading in them started at 10 a.m. (0800 GMT), the spokesman of the Zagreb bourse, Zeljko Kardum, told an official ceremony at the launch of trading. The price of T-HT shares in the IPO was set at 265 kuna.
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The IPO has attracted very strong investor interest as every thirteenth Croatian citizen had bought shares in T-HT in the IPO.
Some market participants have said they expected technical glitches because there are only 177 licensed stock brokers in Croatia and because individuals who had subscribed T-HT shares have no experience in share trading.
(1 euro= 7.3124 Croatian kuna)
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