Hungarian asset manager Altera launched an initial public offering (IPO) on Monday. The IPO will run until March 22. The company expects its shares to float on the Budapest Stock Exchange in 3-4 weeks after the close of the offering. Altera is offering 200,000-1,250,000 shares to investors at a price of HUF 2,250 apiece, which translates as HUF 400 million – HUF 3 billion in fresh capital for the company. Buda-Cash Brókerház is the lead manager of the IPO.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
