Slovak Telekom tightens IPO price range

7 May 2015

Slovak Telekom (ST) has tightened the price range for shares in the initial public offer under which the government is privatising its 49% interest in the telco. The Wall Street Journal reports that the new price range is EUR17.70 (USD19.90) to EUR19.50 per share, replacing the previous range of EUR17.70-EUR23.60. The minimum valuation for the telco is EUR1.53 billion, with the government’s stake worth around EUR750 million. The subscription period for the shares is due to expire midday Wednesday, with trading due to start in Bratislava and London on 12 May. The offering is oversubscribed at the revised price range, a source told the newspaper. The remaining 51% of ST is owned by Deutsche Telekom of Germany.

Slovakia, Slovak Telekom (ST, incl. T-Mobile, DIGI)