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.
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]
Order book on the Prague Stock Exchange site as of 25 August 2020, 17:00. (current status at https://upis.pxstart.cz/#/offers)
The company is offering potential investors up to a 47 percent share, i.e. up to 914,000 shares. The price ranges from 51 to 56 CZK per share. Interested parties should hurry, because the subscription of shares ends on 31 August at 12 noon. Small investors also have the opportunity to buy. The minimum investment is set at approximately 25,000 CZK.
“We were pleasantly surprised by the great interest in our shares. We are approaching our goals very quickly, as every day we register new applicants considering our issue. Right now, the best opportunity is for smaller investors who do not have large sums of money and would like to evaluate their finances well,” said Jiří Horyna, co-founder and CEO of eMan.
Petr Koblic, the director of the Prague Stock Exchange, is pleased with the successful subscription of the IPO. “The great interest in subscribing to eMan shares is proof that technology companies have a clear place on the stock exchange. It is only a matter of time before another similar opportunity arises for an interesting investment through the START exchange,” adds Koblic.
All information for investors can be found at the address: www.eman.cz/investori.
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NOTICE TO INVESTORS
Shares of eMan, a.s. are offered on the START market organized by the Prague Stock Exchange, a.s. (“START Market”) on the basis of the EU Growth Prospectus prepared on 14 August 2020, and approved by the Czech National Bank on 15 August 2020 (“Prospectus”). The prospectus was published here.
The approval of the Prospectus by the Czech National Bank should not be construed as a confirmation of the shares held by eMan, a.s. offered on the START market.
Potential investors should be properly acquainted with the Prospectus before making their investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in eMan, a.s.