Warsaw Stock Exchange

Multi Commodity Exchange Shares Make Strong Market Debut

Multi Commodity Exchange of India Ltd.

(534091.BY) made a solid debut on the stock market with investors Friday scrambling to buy the shares of the first local exchange operator that went public through a hugely successful initial offering.The shares--which opened at INR1,387.00--closed at INR1,297.05, nearly 26% above the price they were sold at the IPO. They moved between INR1,282.10 and INR1,426.00 during the session when more than 6.0 million shares were traded on the Bombay Stock Exchange.The listing is India's first by any company in 2012 and, according to data provider Dealogic, the first by an exchange globally since Warsaw Stock Exchange SA's IPO in October 2010.The IPO comprised 6.4 million shares, or 12.6% of the company's paid-up capital. The shares were sold at INR1,032 each, the top end of a price band set earlier, after the offering to sell shares worth about $134 million to the public including cornerstone investors got bids worth $7.3 billion."The huge subscription to ...

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