Prague, 18 October 2022 – HARDWARIO a.s. successfully completed its IPO today. The issue was oversubscribed by 32.47%. Trading in the company’s shares will commence on 24 October 2022, at a price of CZK 17 per share. A total of CZK 48,790,000 was raised from investors.
The initial public offering (IPO) of shares of HARDWARIO, a.s. (ISIN CZ0005138529), a Czech innovator in the Internet of Things (IoT), was completed today. The minimum order size (lot) was set at 1,000 shares. A 20% stake was available in the public offering at a price range of CZK 17 to 25 per share. The issue was subscribed at the lower price level and 2,870,000 new shares were subscribed. The value of the company after subscription (post money valuation) is CZK 243,933,000.
The issue was oversubscribed and due to the high interest in the primary subscription, some investors had to be cut back in the allocation (allocation of subscribed shares to individual subscribers), which is quite standard in successful subscriptions.
Trading in the new issue will commence on 24 October 2022 as part of the regular daily auction on the START market. The ticker of the issue, i.e. the name under which it is listed in the XETRA trading system, is HWIO. The minimum quantity traded, lot, is 1,000 units. Auctions of issues on the START market take place daily from 9:00 to 12:30.