WARSAW, March 29 Griffin Premium RE, part of
Poland-focused Griffin Real Estate, said on Wednesday
it set the final price in its initial public offering (IPO) at
5.7 zlotys per share, which values the offer at 508 million
zlotys ($129.42 million).
This confirms Reuters report on Tuesday, which said the
company has set the final IPO price at the low end of the
5.7-6.5 zlotys range.
Griffin's IPO includes up to 22.2 million of new shares,
from which it will raise 126.5 million zlotys and 59.1 million
of existing shares being sold by entities indirectly controlled
by Oaktree Capital Group LLC fund.
In addition, the existing shareholders have decided to sell
up to 7.9 million of shares in the over-allotment option.
Griffin Premium plans to debut on the Warsaw bourse in
($1 = 3.9252 zlotys)
(Reporting by Agnieszka Barteczko; Editing by Marcin Goclowski)