The Prague Stock Exchange, which had been more or less comatose for years, sprang into life thanks to the $211 million IPO from generic drugs maker Zentiva. It was the first IPO on the exchange for a decade.
The deal was lead managed internationally by Merrill Lynch, and locally by Wood & Co. It was priced at Kc485, at the high end of the original price talk of Kc400 to Kc525 and it traded up about 5% in first trading.
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