(Vienna) Today, some 3.3 million new shares of BKS Bank start trading in the "standard market auction" of the Vienna Stock Exchange. The exchange-listed Carinthian bank carried out a capital increase that raised the company's equity by around EUR 52 million. 15.5% of the shares are currently in the free float and tradable on the Vienna Stock Exchange. The price for the shares of BKS Bank is determined once daily in a midday auction.
BKS Bank is the fourth company to raise fresh capital on the capital market this year. Austrian companies (Raiffeisen Bank International, PORR, FACC and BKS Bank) have raised roughly EUR 3.1 billion this year through the stock market – and in total this is more than in the past two years together. The large volume of fresh equity raised shows the capacity of the Austrian capital market for new listings and also significantly stimulated investor interest.
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