11/06/2012
The IPO of Ovostar Union N.V. (hereafter, “Ovostar Union” or “the Group”) held in June 2011 was awarded as Best IPO in Central and Eastern Europe in 2011 on Warsaw Stock Exchange (WSE). The award was presented during the second CEE IPO Summit on May 30, 2012 in Warsaw.
Ovostar Union (ticker OVO:PW), the leading Ukrainian eggs and egg products producer, completed IPO on the WSE and started trading on the main floor on June 29, 2011. The Group placed 25.0% of shares and raised USD 33.2 mln to support its investment program. The transaction generated significant interest from both institutional and retail investors on Polish market. The Group’s performance supported the Group’s further market capitalization growth from PLN 372 million as at 30.06.2011 to PLN 534 million as at 10.06.2012, which makes it the best performing stock among Ukrainian equities on the WSE.
BIC Securities acted as lead arranger and financial advisor to the shareholders of Ovostar Union.
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