Czech AAA Auto seeks up to 44 mln euros in IPO

Newswire

PRAGUE, Aug 29 (Reuters) - Czech used car dealer AAA Auto plans to raise up to 44 million euros in an initial public offering (IPO) in Prague and Budapest next month, a document obtained by Reuters showed on Wednesday. The document, obtained from a market source and confirmed by a second, said AAA would issue up to 17.76 million new shares, plus up to 1.78 million in an overallotment option in the IPO. The maximum price has been set at 2.25 euros, the document said. The offering should ...

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