LJUBLJANA (Slovenia), November 30 (SeeNews) – Slovenia’s Ljubljana Stock Exchange (LJSE) plans to start trading in shares of the country’s second-largest bank by assets, Nova Kreditna Banka Maribor (NKBM), on December 6, the bourse said on Friday.
“First day of trading will be set after the issuer fulfils the conditions for trading on the official market,” the LJSE said in a statement.
You can subscribe to our M&A newsletter here
The equity capital amounts to some 24.368 million euro with a total of 23,357,984 ordinary shares.
Slovenia launched an initial public offering (IPO) of NKBM on November 19. The Finance ministry set the range of the share price between 20.5 euro ($29.97) and 27 euro per share. The final price is expected to be announced on Friday.
The Slovenian government now owns 100% of NKBM directly and indirectly through state-run investment funds SOD and KAD.
The IPO of NKBM, the LJSE’s first in eight years, is expected to attract investors hungry for new listings and stimulate the stagnating bourse, analysts have said.
($ = 0.68 euro)