Tognum IPO already oversubscribed - sources

Newswire

FRANKFURT, June 26 (Reuters) - The initial public offering for German diesel engine maker Tognum has been fully taken up three days ahead of the end of the subscription period, sources close to the matter told Reuters on Tuesday. "The issue is oversubscribed," one source said, adding that all 86.25 million shares on offer had found a buyer. Tognum shares were trading at 24.50 euros to 25.50 euros in the grey market , at the upper end of the IPO price range of 22 to 26 euros. "Demand in ...

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