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Wednesday, July 6, 2011

Polish miner JSW rises 3.3 pct in market debut

Wed Jul 6, 2011 7:05am GMT

WARSAW, July 6 (Reuters) - Shares in JSW (JSW.WA: Quote), the European Union's top coking coal miner, rose 3.3 percent in its market debut on Wednesday, braving the recent market turbulance that tripped up other flotations in recent weeks.

Poland, seeking to reduce its borrowing in the face of a large budget gap, collected 5.4 billion zlotys ($2 billion) from the JSW's initial public offer (IPO), Europe's second largest listing this year, trailing only commodity trader Glencore (GLEN.L: Quote). (By Thomson Reuters)

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