Altera launches IPO

Deals

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.

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