The price of shares for one of the fastest-growing Polish lenders, Alior, hit PLN 59.5 right after initial trading started today on the Warsaw Stock Exchange. That’s a 4.4-percent increase of the IPO price set on Dec. 4. The IPO has now reached nearly PLN 2.1bn.
Alior Bank raised nearly PLN 700m from the share sale, making its IPO the biggest by a Polish private company to date. Half the funds raised will be used to finance loans for individual bank clients, while the rest will be used for small- and medium-sized businesses.
