Company shares Fixed.zone, which entered the Prague Stock Exchange on Monday, strengthened by 225% during the first week. This is a record growth of the exchange rate, says Marie Mühlhoferová from the press department of the stock exchange. Fixed.zone is a Czech manufacturer and distributor of accessories for mobile devices.
There was already great interest in the subscription of shares within the public offering (IPO). Fixed.zone subscribed at the highest possible price. Investors reported more than four times more shares than were available, and their orders were cut short. Only those who made an offer for the highest price of 222 crowns succeeded.
On the very first day of trading – on Monday, November 8 – the share price then rose from 222 to 276 crowns. Unexpectedly strong growth continued, reaching 500 crowns on Friday. The volume of trades amounted to CZK 12,961,600. The market capitalization of the company currently exceeds one billion crowns, while at the time of subscription it was 493.3 million.
While on Prague Stock Exchange the shares of Fixed.zone continue to trade in so-called lots of one hundred pieces, on RM system Fio can also be sold and bought individually. The price is currently 540 crowns, the most expensive trade took place for 650 crowns.
Analysts did not expect so much interest and success. However, it turned out that investors are very interested in domestic companies on the domestic stock exchange.
