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BRIEF-NanoGroup to offer 0.9 mln shares at 4.75 zloty/shr in IPO
October 30, 2017 / 8:55 AM / 25 days ago

BRIEF-NanoGroup to offer 0.9 mln shares at 4.75 zloty/shr in IPO

Oct 30 (Reuters) - NANOGROUP IPO-NAN.WA:

* SAID ON FRIDAY THAT IT HAS SET ISSUE PRICE AT 4.75 ZLOTYS PER SHARE FOR 880,000 SERIES F SHARES UNDER ITS INITIAL PUBLIC OFFERING

* THE ISSUE PRICE AND THE NUMBER OF OFFERED SHARES HAVE BEEN REDUCED DUE TO LOWER DEMAND FOR THE COMPANY‘S SHARES AMID SITUATION ON CAPITAL MARKETS

* PLANS TO RAISE ABOUT 4.2 MILLION ZLOTYS FROM THE IPO

* SAID THAT LOWER IPO PROCEEDS WILL NOT IMPACT ITS RESEARCH PROJECTS, BUT IT WILL NEED TO POSTPONE OR RESIGN FROM ACQUISITIONS AND DEVELOPMENT OF LABORATORY BASE

* NANOGROUP SAID IN MID OCT IT PLANNED TO RAISE ABOUT 45 MILLION ZLOTYS FROM AN IPO

Source text - bit.ly/2A03pGb

Further company coverage: (Gdynia Newsroom)

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