Croatian alternative telco Optima Telekom has announced the details of its upcoming IPO on the Zagreb Stock Exchange. Bookbuilding of 910,000 company shares (800,000 new shares and 110,000 shares of current shareholder Matija Martic) will be carried out in two rounds. The first round of the offering will last from 3 December to 5 December, in which the holders of the company’s bonds will have preferential rights to book shares at the value equal to the nominal value of all bonds bought. Maximum value of shares that will be distributed to bond holders is HRK250 million (USD50 million). Shares that remain unbooked in the first round will be offered to other investors in the second round, which will last for five days (10-14 December). The price range is set at HRK260 to HRK300 and the final price will be announced on 15 December.