The shares of IT firm eMan, which successfully completed its IPO subscription period on Monday, 31 August, began trading on the START market of the Prague Stock Exchange and the RM-System exchange on Friday, 4 September. Trading on the START market started at the subscription price of 51 CZK per share and ended the day at 60 CZK, an increase of 17.65 percent. The total volume of trades reached 2.79 million CZK.
Eman´s great success on the prague stock exchange – interest in shares exceed all expectations [press release]2020-09-03
eMan, the Czech custom software development firm, today successfully sold subscriptions for shares worth 46.6 million CZK on the Prague Stock Exchange. On the START market, the company sold subscriptions for a total of 914,000 shares at the price of 51 CZK, and thus became the seventh company to be traded in the segment of small and medium-sized enterprises. The great interest in shares was also confirmed by the total number of orders, which amounted to 1.93 million shares, and thus exceeded the offer by 111 percent.
EMAN SHARES ARE IN GREAT DEMAND ON THE STOCK EXCHANGE. A RECORD NUMBER OF INVESTORS HAS ALREADY SUBMITTED ORDERS FOR 83 PERCENT OF THE SHARES [PRESS RELEASE]2020-08-26
Czech developers eMan have had a successful first week with their IPO on the START market of the Prague Stock Exchange. As of 25 August, the number of orders reached 83 percent of the total issue. The first 141 purchase orders for a total of 756,000 shares worth 38.6 million CZK are in the order book. The average order is for approximately 273,000 CZK. eMan is thus set to become another successful issue on the START market comprised of small and medium-sized Czech enterprises.
On 14 August, the software company eMan obtained permission from the Czech National Bank to enter the START market on the Prague Stock Exchange. The company intends to offer up to a 47 percent stake, i.e. up to 914k shares. Subscription price is set at 51 to 56 CZK per share.
After months of intensive preparations, it's finally here. eMan is entering the Prague Stock Exchange. Our IPO comes at a time when we are about to celebrate the tenth anniversary of successful operations on the market. The projects we have implemented have often been ahead of their time, and won countless awards. Today, software from our workshop, among other things, drives the business for Bohemia Energy, makes life easier for ČSOB’s clients, and turns Škoda cars into digital driving machines. In the ten years of its existence, eMan has grown from zero to a turnover of 168 million CZK in 2019.
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eMan, one of the leading Czech software houses, prepares for an IPO on Prague’s START stock market. This offering should happen in the first half of 2020. The plan is to offer stocks worth around 40 million Czech crowns. The company is also currently negotiating with several strategic investors, as the possibility of a direct sale is still on the table.