CZG wins CZK 812m in IPO

Published: 07.10.2020 Related countries:  South Africa South Africa

CZG wins CZK 812m in IPO

The company CZG – Česká zbrojovka Group SE (CZG) has completed the subscription of its shares in the framework of IPO. It won CZK 812m for funding its development plans in the USA. Above the framework of the IPO, the sole shareholder in CZG, Česká zbrojovka Partners SE, provided an option making it possible to sell 280,000 shares in the value of up to CZK 81.2m. the trading with CZG shares started on the main market of the Prague Stock Exchange under the ticker CZG on October 2, 2020. The opening price has been determined at CZK 290/share.