Criticism on AMAG IPO

Business › n.a. ♦ 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 / VSE Vienna Stock Exchange

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…

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