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Olympic Casino IPO comes up trumps

Nov 01, 2006
By Joel Alas

JACKPOT! The first Pan-Baltic IPO generates big cash for Estonia’s Olympic Entertainment Group.
TALLINN - The Estonian casino operator Olympic Entertainment Group made a stunning debut on the Tallinn Stock Exchange, raising almost one billion kroons (63.9 million euros) through its share market float on Oct. 23. In the past week, shares have climbed 32.8 percent, from the launch price of 73 kroons to 97 kroons as of Oct. 31. Trade in Olympic shares made up almost half of all market activity on the combined Baltic exchanges in the week following the launch.The initial public offering from t ...

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