(Reuters) – Czech company Eurowag, which provides payment services and a fleet management system for the transportation industry, will rise to as much as 1.69 billion euros (1.98 billion US dollars) in its upcoming London IPO, a bookrunner estimated said on Tuesday.
The company, founded in 1995 by majority shareholder Martin Vonhanka, has valued its listing at 175p to 220p per share Morgan Stanley (NYSE :). The bookrunner said Fidelity and Select Equity came on board as cornerstones, acquiring € 57 million and € 47 million in shares, respectively.
Eurowag plans to sell 200 million euros of new shares and part of the existing shares of the current owners. Trading is scheduled to begin on October 7th.
($ 1 = 0.8537 euros)
(Corresponds to 200 million euros of new shares (not 200 million new shares), paragraph 3)
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