AutoWallis raises HUF 10 bln in public share offering

Automotive

AutoWallis has raised HUF 10 billion in a public share offering closed on November 9, the listed car seller said on Thursday, according to a report by state news wire MTI.

AutoWallis sold HUF 2.5 bln of shares to retail investors and HUF 7.5 bln to institutional investors.

The issue price was HUF 117, in the upper third of the HUF 107-122 price range.

AutoWallis had planned to raise HUF 6 bln-8 bln with the offering, but increased the amount after investors placed orders for more than HUF 17 bln of shares.

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