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Criticism on AMAG IPO

Published: April 9, 2011; 13:41 · (Vindobona)

The placement of the shares before today's initial public offering has not been undertaken correctly, according to bank representatives. On the first day of trading the shares lost 6% of the issue price.

Criticism on AMAG IPO / Picture: © Wiener Börse AG

The shares of AMAG lost up to 10% on its first day of trading. Opinions at the Financial Center Vienna are relatively unanimous: the IPO has failed.

At Cheuvreux Austrian and CEE Equity Research an "embarrassment of the highest class" was spoken of. After three years there is an IPO for the first time and it has failed completely. The starting price was € 19.00; during the…

This article includes a total of 215 words.

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