Duna House requests suspension of IPO

Sustainability

Real estate broker Duna House Holding and owner Medasev Holding have requested the suspension of their initial public offering due to a bill proposal submitted to the Hungarian Parliament by Economy Minister Mihály Varga late Tuesday, Hungarian news agency MTI reported today.

According to MTI, brokering financial products is a "significant pillar" of Duna Houseʼs operations and changes to the regulations governing such activities "could influence the companyʼs performance in the business segment", Duna House said.

Duna House launched a public offering for its shares on November 9, with the maximum share price set at HUF 4,250. Shares were planned to be on offer until November 20, enabling investors to purchase shares at the branches of Concorde Értékpapír, Equilor Befektetési, Erste Befektetési and Raiffeisen Bank.

Dunahouse reported in mid-October that it would begin listing shares on the Budapest Stock Exchange (BSE) in order to expand on the market and become a regional player. 

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