Poland’s Zabka debuts 7% higher in Warsaw IPO

(Corrects reference in 2nd paragraph to company valuation (not the value of offering), changes the figures to 23 billion zlotys from 21.5 billion zlotys)

GDANSK (Reuters) – Shares in Polish convenience store group Zabka rose 7% on their stock market debut in Warsaw on Thursday.

The company priced its initial public offering (IPO) at 21.50 zlotys per share, giving it a valuation of 21.5 billion zlotys. Thursday’s debut at 23 zlotys, boosted that to 23 billion zlotys ($5.78 billion).

($1 = 3.9771 zlotys)

(This story has been corrected to clarify that reference is to company valuation, not the value of offering, and to change the figure to 23 billion zlotys from 21.5 billion zlotys in paragraph 2)

(Reporting by Adrianna Ebert and Anna Banacka; Editing by Tomasz Janowski)

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