Digital payments platform Eurowag confirms plans for LSE float

(Sharecast News) - Czech digital payments platform Eurowag confirmed on Monday that it is planning to float on the London Stock Exchange.
The company said the initial public offering will comprise both new ordinary shares to be issued, raising gross proceeds of around €200m to support its growth strategy, and existing ordinary shares to be sold by existing Eurowag shareholders.

The offer will be targeted to "certain institutional investors".

Eurowag said it's targeting a free float of at least 25% of the issued share capital and expects that it would be eligible for inclusion in the FTSE UK indices.

It is expected that ordinary shares representing up to a further 15% of the offer will be made available pursuant to an over-allotment option.