Duna House shares a little over IPO price on first trading day

Telco

Shares of real estate broker Duna House were trading at HUF 4,000 shortly before 10:00 this morning, their first day of trade on the Budapest Stock Exchange (BSE), Hungarian news agency MTI reported.

The shares traded a little over the HUF 3,960 price in an initial public offering that wound up in late October. Duna House said it raised HUF 2.6 billion in the IPO and a private placement, MTI reported.

Demand in the IPO was so strong Duna House reallocated 161,550 of the shares intended for the private placement, and eventually sold 311,550 shares in the IPO, more than double the planned 150,000. The IPO raised HUF 1.2 bln, while the private placement raised HUF 1.4 bln. 

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