Prague, 2 November 2021 – Fixed.zone, a.s. successfully completes its initial public offering (IPO) today. Investors showed enormous interest in the issue, which was oversubscribed 2.8 times. The shares were subscribed at the upper limit of the specified interval. The shares of Fixed.zone will start trading on 8 November at the subscription price of CZK 222.
Fixed.zone, a.s. (FIXED, ISIN CZ0009011086), a leading producer and distributor of mobile device accessories, has successfully subscribed 222,000 shares at a price at the upper end of the price range of CZK 180–222. The post-money valuation thus amounts to CZK 493,284,000. The company collected CZK 49,284,000 from its investors.
“Another blockbusting IPO on the START market confirms interest among investors in Czech companies and capital market investments in general. It also shows that the START market is now well established and popular among investors. Thanks to this, SMEs has access to financing on the capital market, which is one of the main objectives of the START market,” says Petr Koblic, CEO of the Prague Stock Exchange.
Because of the enormous interest in the initial public offering, some investors had to be “shorted” during the allocation of subscribed shares, a situation that is common for successful issues like this one.
Trading in the new issue will begin on 8 November 2021 as part of a regular daily auction on the START market. The issue ticker, i.e., the name under which the issue appears in the Xetra trading system, is FIXED. The abbreviated name is FIXED CP Equity in the Bloomberg system and FIXED.pr in the Thomson Reuters system. One lot (i.e., the minimum volume traded) is 100 shares. Issue auctions on the START market take place daily from 9 a.m. to 12:30 p.m.
Information on the START market is available at www.pxstart.cz.