Profit.bg asked four financial experts about their opinion, and carried out an online poll asking readers the question “What oversubscription do you expect in Trace Group Hold's IPO?”
Of 3,226 readers who took the online survey 2,592 (80.35%) expect oversubscription of 40 times or more. 12.12% expect 10 times oversubscription, 4.43% think it will be between 10 and 20 times, and 2.11% said between 20 and 30 times.
The four expert opinions we sought varied between 20 and 140 times. The most serious 140 times oversubscription was forecast by Razvigor Hristov, investment consultant in KD Securities.
Konstantin Abrashev, BenchMark portfolio manager, expects orders to exceed the offered amount of shares by around 20 times. Nikola Tsokev's opinion stands in between – the Post Bank broker expects 50 times oversubscription of shares, and Angel Hajiyski, broker in Capman, expects orders to be 50 – 70 times the amount of offered stock.
Trace Group Hold will offer 200,000 shares with a face value of 1 lev and issue value of 110.50 leva. The company is planning a capital increase from 2 mln leva (1.022 mln euros) to 2.200 mln leva (1.124 mln euros). If the IPO is successful, the holding will gain resources in the amount of 22,100,000 leva (11.299 mln euros).
So far the IPO of Corporate Commercial Bank holds the record with oversubscription of 14 times, followed by 11 times at the IPO of Devin.
*The material's purpose is informational, this is not a recommendation to nuy stock