The public issue of shares listed in the Premium category of the Budapest Stock Exchange by AutoWallis Nyrt. closed on 9 November with a huge interest, far exceeding preliminary expectations, with Kapolyi Law Firm acting as legal advisor in the preparation and execution of the issue. The huge success is also demonstrated by the fact that the retail subscription and the institutional auction received subscription requests up to 17 billion HUF, compared to the previous plan of 6-8 billion HUF. The issue is of particular significance for the Hungarian capital market as a whole, as there has not been a retail share subscription of this size on the Budapest Stock Exchange for more than 10 years.
Kapolyi Law Firm is proud to be part of such a success story as the legal advisor to the issuer and to provide further legal support to AutoWallis Group in its growth strategy to become the leading car and mobility provider in the Central and Eastern European region.
Click here for more information about the share issue of AutoWallis Nyrt., which ended with more than double oversubscription.